Sustainable bonds are a broader form of environmental,
social, and governance-focused (ESG) debt, proceeds of which can
be spent on both green and social projects.
Cyprus's bond sale will come to market following investor
meetings last week. Barclays, HSBC, JPMorgan, Morgan Stanley and
Societe Generale will manage the sale as indicated last week.
(Reporting by Yoruk Bahceli, Editing by Chiara Elisei)
April 3 (Reuters) - Cyprus hired banks on Monday to sell
its first ever sustainable bond, according to a lead manager
memo seen by Reuters.
The 10-year bond sale will be launched "in the near future
subject to market conditions," a phrase debt management offices
usually use a day before a sale, the memo said, and will be
registered under Cyprus's EMTN programme.
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