Friday, November 22, 2024

Cyprus issued over €2 billion worth of Government bonds

The Republic of Cyprus, according to the provisions of the Public Debt Management Law 2012-2016 and the General Terms of Issuance for Government Bonds by Private Placement, has issued 9 government bonds with value date 3rd April 2018 for a total nominal amount of €2,35 billion maturing between 15 to 20 years.

Government bonds are issued by the Public Debt Management Office, of the Ministry of Finance.

  • Cyprus government 15-year bond (1 st Series) €300.000.000
  • Cyprus government 15-year bond (2 nd Series) €200.000.000
  • Cyprus government 16-year bond (1st Series) €300.000.000
  • Cyprus government 16-year bond (2nd Series) €200.000.000
  • Cyprus government 17-year bond (1st Series) €300.000.000
  • Cyprus government 17-year bond (2nd Series) €200.000.000
  • Cyprus government 18-year bond (1st Series) €300.000.000
  • Cyprus government 18-year bond (2nd Series) €200.000.000
  • Cyprus government 20-year bond (1st Series) €350.000.000

All bonds will be listed for trading at the Cyprus Stock Exchange, according to Ministry of Finance

Cypriot Citizenship through Government bonds

Foreign investors can obtain cypriot citizenship by purchasing 2 million euros worth of government bonds.

According to Ministry of Interior, on the cyprus investment scheme

The purchase of financial assets of Cypriot companies or organizations of at least €2,0 million, such as bonds, bills and securities, issued with the approval of the CySec, by companies that have proven physical presence and substantial economic activity in the Republic of Cyprus, and have as a purpose the financing of the investment plans of these companies or organizations exclusively in Cyprus, based on an investment plan, fall under this criterion.

Within this criterion (combination of investments) the applicant may purchase special government bonds of the Republic of Cyprus, up to €500.000, which will be issued by the Public Debt Management Office of the Ministry of Finance, on condition that the investor will retain these bonds for a three year period. The characteristics and the terms of these special bonds will be determined by the General and Special Issue Terms of the Government Bonds of the Republic of Cyprus. Investments in government bonds through the secondary market are not considered eligible.

 

For more information, about Government bonds, please see here

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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