The Bank of Cyprus has decided to exercise its call option on €300 million of outstanding senior preferred notes.
- The Bank of Cyprus has decided to exercise its call option on €300 million of outstanding senior preferred notes.
- These international debt securities are tracked under the identification code ISIN XS2355059168, ensuring that they are monitored within global financial systems.
This decision, announced by the parent company, Bank of Cyprus Holdings Public Limited Company, highlights the bank’s strategic financial management. The senior preferred notes in question are fixed rate instruments with a reset provision, which were initially issued to international investors.
Bank of: Details of the Bond Issuance
The original debt issuance occurred on June 24, 2021, with the expectation that these notes would mature in 2027. However, the bank will redeem them earlier, precisely five years after their initial flotation.
Redemption Timeline and Conditions
The planned repayment will take place on June 24, 2026, aligning with the formal call option date outlined in the prospectus. This early redemption is contingent upon the bank obtaining necessary regulatory approvals from relevant authorities.
Regulatory Approval Secured
The Single Resolution Board granted the official authorisation for the early buyback on December 10, 2025, paving the way for this significant financial move. The Bank of Cyprus is set to notify all current bondholders about the early buyout within a reasonable timeframe.
Identification and Tracking of Securities
These international debt securities are tracked under the identification code ISIN XS2355059168, ensuring that they are monitored within global financial systems.
