Cyprus is possibly coming back to the international market

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cyprusA series of investor meetings for possible bond issue will take place in Europe as Cyprus has mandated Deutsche Bank, Goldman Sachs International, HSBC, UBS Investment Bank and VTB Capital to arrange the meetings. Finance Minister Harris Georgiades said the government was considering Cyprus` return to international markets and would decide on this issue in the coming weeks. This is more than a year earlier than originally anticipated. Cyprus is receiving the EU/IMF financial aid that covers the island`s financial needs until the first quarter of 2016. ‘The Republic of Cyprus, rated B (positive) by Standard and Poor`s, Caa3 (positive) by Moody`s and B- (stable) by Fitch, has mandated Deutsche Bank, Goldman Sachs International, HSBC, UBS Investment Bank and VTB Capital to arrange a series of fixed income investor meetings in Europe,’ the Finance ministry’s release said.