bond interest — The Cyprus Development Bank has announced a bond interest payment schedule for its CDBB1 series, ensuring its bondholders are well-informed about the upcoming payments.
Bond interest: Interest Payment Timeline
The payment will cover a six-month period from December 23, 2025, to June 22, 2026. Investors should take note of the key dates surrounding this payment to ensure they receive their entitled interest.
Important Dates to Remember
- Final trading date: June 16, 2026 – This is the last day to trade bonds with the right to participate in the interest payment.
- Ex-interest date: June 17, 2026 – Bonds will trade without the right to participate in the payment from this date onwards.
- Record date: June 18, 2026 – Only registered bondholders as of this date will be eligible to receive the interest.
- Official payment date: June 23, 2026 – This is when the interest will be officially paid out to eligible bondholders.
Eligibility for Interest Payments
Investors who have completed an off-exchange transfer of their bonds by the record date will also qualify for the interest payment. This ensures that even those who acquire bonds shortly before the record date can benefit from the upcoming interest distribution.
Annual Interest Rate Details
The Cyprus Development Bank has set the annual interest rate for the CDBB1 bonds at 7.125 per cent of their nominal value. This attractive rate aims to incentivise investment in the bank’s bond offerings, appealing to potential investors.
Calculation of Interest Payable
The total amount of interest payable will be calculated based on the actual number of days in the interest period, using a standard 365-day year. This method ensures a precise calculation, reflecting the exact duration for which the interest is accrued.
