Cypriot Bank Rescue Won’t Hurt Senior Bondholders, Shiarly Says

Cypriot Bank Rescue Won’t Hurt Senior Bondholders, Shiarly Says

Chris Ratcliffe/Bloomberg

Customers stand and wait for the opening of a Bank of Cyprus Plc branch in Limassol, Cyprus. Cypriot financial institutions such as Bank of Cyprus and Cyprus Popular Bank Plc lost more than 4 billion euros in a debt restructuring that was part of a second rescue of Greece.