Bank of Cyprus purchases additional fixed-rate reset tier 2 capital notes

By Rebecca Melvin

Concord, N.H., Oct. 8 – Bank of Cyprus PCL announced that following its offer in April to purchase any and all of its €250 million fixed-rate reset tier 2 capital notes due January 2027 (ISIN: XS1551761569) there was €43 million nominal amount outstanding, according to a notice.

In addition, Bank of Cyprus Holdings Ltd. Co. together with its subsidiary, the Bank of Cyrus, and the bank’s subsidiaries, announced that the bank purchased a further €6 million of the notes in the open market.

As part of the bank’s ongoing active management of its capital position and liabilities, it expects to make further purchases of the outstanding notes, subject to market conditions.

Based in Nicosia, Cyprus, the Bank of Cyprus is a banking and financial services group.

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