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by Randy Durig Coupon: 3.75 BB CUSIP: EI4492019 Maturity: 11/1/2015 Rating: BB+ Price: € 71.90 Yield to Maturity: 14.03% Looking for higher yields? This week, we look at short 44 month Republic of Cyprus Government Bonds (denominated in Euros) that are yielding about 14%. In spite of the islan ...
2 days ago
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The Cyprus problem remains a top priority for the Greek government – despite its financial woes - Greek New Democracy party leader Antonis Samaras said on 20 February. Speaking after a meeting with President Demetris Christofias, Samaras said: “Cyprus and Greece are two independent states, ...
4 days ago
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The state-owned Turkish Petroleum Corporation (TPAO) announced on Thursday that the drilling in the occupied part of Cyprus will begin with a ceremony by the end of February and that the well has been named 'Turkyurdu-1'. In the announcement, TPAO said that the first onshore drilling will go as ...
4 days ago
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The UN Secretary General's report on his mission of good offices in Cyprus is expected to be submitted to the Security Council by the end of next week, according to sources at the United Nations, which expect it to be a “descriptive” and “technocratic” one. The report will mainly describ ...
4 days ago
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IN HIS recently-published book, former finance minister Charilaos Stavrakis, openly questioned the rationality of spending €120 million on the construction of the notorious Culture Centre, which he described as “a waste?. He wrote that he strongly opposed the project at the Council of Ministe ...
4 days ago
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TALKS to broker a deal on the reunification of Cyprus are about to be scrapped with the departure of the United Nations from the island, according to information obtained by a leading columnist in the Turkish controlled sector of the island. Writing in his daily column in Turkish Cypriot daily "Y ...
4 days ago
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The government has described as totally unfounded and contrary to international law Turkey’s claims on Cyprus’ exclusive economic zone, and called on Ankara to end its illegal, provocative and arrogant behavior with regard to the Republic’s exploratory drilling for hydrocarbons. Nicosia told ...
4 days ago
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By Nathan Morley After months of tense negotiations Greece was again brought back from the brink of default on Monday. But as Nathan Morley reports from Brussels, serious doubts remain about Athens’ ability to repay its debts and remain in the eurozone. LAST week the former finance minister M ...
4 days ago
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Turkish daily newspaper Hurriyet Daily News (online, 24.02.12) reports that Turkey is planning to purchase 100 multi-purpose F-35 jet fighters worth $16 billion, Turkish Defence Minister Ismet Yilmaz has said, according to daily Milliyet. The first two of the military aircraft will be delivered ...
4 days ago
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EXPERTS yesterday appeared confident Cyprus’ banks would weather the storm created by their exposure to debt-ridden Greece and the huge losses they will incur as a result. Although expected, concerns were raised after Bank of Cyprus (BoC), the island’s biggest lender, posted a net loss of ₠...
5 days ago
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