Cyprus’ financing needs for 2024 amount to €1.3 billion, largely to be covered by the issuance of a €1 billion EMNT bond, the Finance Ministry’s Public Debt Management Office (PDMO) has said.
The PDMO plans to issue domestic 3-month T-bills amounting to €120m, with domestic retail bonds issuances estimated at €40m.
Loans from supranational organisations, such as the European Investment Bank and the CoE’s Development Bank, are estimated at €140m next year.
Cyprus will cover the majority of its financing needs with the issuance of a €1 billion bond to international markets, under the European Medium-Term Note Programme.
