IMF and EU applaud voluntary debt swap in Cyprus

06/28/2013 | Market News International · Bloomberg

Cyprus' plan for voluntary exchange of €1 billion in sovereign debt is a positive development, according to the European Commission and the International Monetary Fund. The government intends to replace bonds maturing by 2015 with ones that mature in five to 10 years. Coupon rates won't change.

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Market News International · Bloomberg

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