Cyprus Sells Bonds, Bailed-0ut Nations’ Market Exile
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Cyprus became the euro area’s final bailed-out nation to return to international markets amid a surge in demand for the region’s higher-yielding debt.
The Mediterranean country raised 750 million euros ($1.02 billion) in a sale of five-year notes, according to a statement from the Nicosia-based finance ministry. It received orders of about 2 billion euros, the ministry said in the statement.