Nicosia, Cyprus. Bank of Cyprus Public Company Limited has decided to exercise its legal right to redeem early outstanding senior preferred notes totalling €300 million. The group said the repayment will take place on June 24, 2026, the call option date set out in the prospectus.
Debt details
The notes are fixed-rate instruments with a reset provision and were originally issued to international investors on June 24, 2021, with a final maturity date in 2027. The securities are identified by ISIN XS2355059168.
Regulatory approval
The early redemption was subject to approval from the relevant authorities. Bank of Cyprus said the Single Resolution Board granted authorisation for the buyback on December 10, 2025.
Notification to bondholders
The bank said it will send formal notice of the early redemption to bondholders within a reasonable timeframe.