Buyback of Tier 2 Capital Notes

RNS Number : 5309O

Bank of Cyprus Holdings PLC

08 October 2021

 

Announcement

Buyback of Tier 2 Capital Notes

Nicosia, 8 October 2021

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014.

Following the April 2021 refinancing and offer by Bank of Cyprus Public Company Limited (the "Bank") to purchase any and all of its €250 mn Fixed Rate Reset Tier 2 Capital Notes due January 2027 (ISIN: XS1551761569) (the "Notes"), €43 mn in aggregate nominal amount of the Notes remained outstanding.

Bank of Cyprus Holdings Public Limited Company ("BOC Holdings" and, together with its subsidiary, the Bank, and the Bank's subsidiaries, the "Group") hereby announces that as of today the Bank has purchased a further €6 mn of the Notes in the open market, as part of the Bank's ongoing active management of its capital position and liabilities. The Bank expects to make further purchases of the outstanding Notes, subject to market conditions.

For further information, please contact Investor Relations at [e-mail] .

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. The Bank of Cyprus Group operates through a total of 91 branches in Cyprus, of which 11 operate as cash offices. Bank of Cyprus also has representative offices in Russia, Ukraine and China. The Bank of Cyprus Group employs 3,558 staff worldwide. At 30 June 2021, the Group's Total Assets amounted to €24.2 bn and Total Equity was €2.1 bn. The Bank of Cyprus Group comprises Bank of Cyprus Holdings Public Limited Company, its subsidiary Bank of Cyprus Public Company Limited and its subsidiaries.  

 

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