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Published on 1/24/2013 in the Prospect News Liability Management Daily.

Cyprus Popular Bank redeems €100 million of series 2011-1 floaters

By Tali David

Minneapolis, Jan. 24 - Cyprus Popular Bank PCL completed the early repurchase of €100 million of its series 2011-1 floating-rate covered bonds due May 24, 2013, according to a notice.

Following the Thursday transaction, €1.15 billion of the notes remains outstanding.

Cyprus Popular Bank, based in Nicosia, is the second largest banking group in Cyprus.


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