Cyprus Business Now: Eurobank bond, property sales, NPLs, shipping, Alpha Bank

Business & economy wrap-up from the day before

Eurobank on Friday announced that it had successfully priced a €400 million issuance of fixed rate reset subordinated tier 2 notes, marking a major funding transaction for the group.

Specifically, Eurobank S.A. said the deal involved the issuance of subordinated Tier 2 debt instruments referred to as notes, with strong demand from international investors.

The bank confirmed that the notes will mature