Harris Georgiades

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.