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April 4 (Reuters) – Cyprus started selling its first sustainable bond on Tuesday, Refinitiv capital markets news service IFR reported.
Price guidance on the bond, which matures on 3 April 2033, was set at around 140 basis points over the mid-swap level, IFR said.
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.
(Reporting by Yoruk Bahceli; editing by Dhara Ranasinghe)
((Yoruk.Bahceli@thomsonreuters.com; +44 20 7542 7571; Reuters Messaging: yoruk.bahceli@thomsonreuters.com))
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