Amendment to Covered Bond Terms and Conditions

RNS Number : 4454V

Bank of Cyprus Holdings PLC

09 August 2022

 

Announcement

Amendment to Covered Bond Terms and Conditions

Nicosia, 09 August 2022

Bank of Cyprus Holdings Public Limited Company announces that following the implementation in Cyprus of Directive (EU) 2019/2162, Bank of Cyprus Public Company Limited (the 'Bank') has proceeded with an amendment to the terms and conditions of the €650 million Series 2 Floating Rate Covered Bonds due 2026 (ISIN: XS0718673311) secured by residential mortgages originated in Cyprus, which the Bank has in issue (the 'Covered Bonds'). All of the Covered Bonds are held by the Bank .

The amended terms can be found on the Bank's website www.bankofcyprus.com (Group/ Investor Relations/ Fixed Income/ Covered Bond).

Group Profile

The Bank of Cyprus Group is the leading banking and financial services group in Cyprus, providing a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance. At 31 March 2022, the Bank of Cyprus Group operated through a total of 86 branches in Cyprus, of which 11 operated as cash offices. At 31 March 2022, the Group's Total Assets amounted to €25.1 bn and Total Equity was €2.1 bn. The Bank of Cyprus Group employed 3,395* staff worldwide. The Bank of Cyprus Group comprises Bank of Cyprus Holdings Public Limited Company, its subsidiary Bank of Cyprus Public Company Limited and its subsidiaries.

*The Bank of Cyprus Group employed 3,395 staff worldwide as at 31 March 2022. The number of staff has been reduced by c.550 employees following the completion of a voluntary staff exit plan in July 2022.

 

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