Successful bondissue for Cyprus

France and Cyprus took full advantage of a market supercharged by expectations of more monetary stimulus from the European Central Bank to print syndicated bonds on Tuesday.

France had garnered a maximum of 33.5 billion euros of demand for a 7-billion-euro 30-year bond sale, a lead manager told Reuters, before pricing the deal at seven basis points over its outstanding 2048 bonds.

Cyprus too took full advantage of the strong bid for bonds to price its longest ever issue, a 1-billion-euro 15-year note which came at 175 basis points over mid-swaps in a further sign of how far the country has come since it returned to the capital markets in 2014, International Financing Review reported.

"This is a powerful indication of trust in the stability and prospects of our country," Cypriot Finance Minister Harris Georgiades said on Twitter.

Recent bond sales...