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March 27 (Reuters) – Cyprus hired banks on Monday to
market its first ever sustainable bond sale, according to a lead
manager memo seen by Reuters.
Cyprus’s funding team will hold an investor call on Tuesday
followed by investor meetings on Wednesday and Thursday, the
memo said.
The sale of the bond will then follow subject to market
conditions, the memo said.
Cyprus has hired Barclays, HSBC, JPMorgan, Morgan Stanley
and Societe Generale for the deal, according to the memo.
Sustainable bonds are a broader form of environmental,
social, and governance-focused (ESG) debt of which proceeds can
be spent on both green and social projects.
(Reporting by Yoruk Bahceli)
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