Cyprus Times

President: Successful Bond Issue a Vote of Confidence

Published January 21, 2026, 18:08
President: Successful Bond Issue a Vote of Confidence

The President of the Republic, Nikos Christodoulides, described the successful issuance of the Republic of Cyprus's ten-year bond as a vote of confidence from international markets in the Cypriot economy. The bond was oversubscribed 16 times, with offers of €16.5 billion for a drawdown of €1 billion. President Christodoulides emphasized that the estimated growth rate of 3.1% in 2026, near-full employment with an unemployment rate of 4.6%, strong fiscal surpluses, and a steady reduction in public debt are tangible data confirming the credibility and responsible economic policy of the Government.