Fitch reaffirms Bank of Cyprus covered bond rating and bank issues new bond

On Friday, the rating agency Fitch confirmed the AAA rating for Bank of Cyprus covered bonds, totaling 650 million euros, while maintaining a stable outlook. Simultaneously, the Bank of Cyprus successfully issued a separate bond valued at 300 million euros. This new issuance attracted significant interest from a pool of over 120 investors. The agency's confirmation reflects the ongoing credit assessment of the bank's financial instruments. No further updates were provided regarding the specific terms of the new 300 million euro bond. The actions confirm the bank's current standing in financial markets.