Bank of Cyprus intends to sell new tier 1 capital securities

Chicago, June 12 – Bank of Cyprus Holdings plc is in the market with an offering of euro-denominated fixed-rate reset perpetual additional tier 1 capital securities, according to an announcement.

The new issue is concurrent to a tender for €220 million of outstanding capital securities, and the new issue size must be in excess of the amount of securities tendered.

The dealer managers for the tender offer are BofA Securities Europe SA and Goldman Sachs Bank Europe SE. Based in Nicosia, Cyprus, the Bank of Cyprus is a banking and financial services group.

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