Nicosia, Cyprus. Eurobank announced it had successfully priced a €400 million issuance of fixed rate reset subordinated Tier 2 notes, describing it as a major funding transaction for the group. Separately, Cyprus’ real estate market recorded property transfers exceeding €4.7 billion in 2025, according to the Real Estate Agents Registration Council.
Eurobank Tier 2 notes issuance
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 said the notes will mature on April 29, 2037. It added that the instruments are callable at par from January 29, 2032 to April 29, 2032, under a structure described as 11.25NC6.25.
Eurobank said the notes offer a fixed coupon of 4.125 per cent per annum until the first reset date.
Cyprus real estate market performance in 2025
The Real Estate Agents Registration Council said the total value of property transfers exceeded €4.7 billion in 2025, while the number of sales documents rose by 15 per cent compared with 2024.
Citing figures from the Department of Lands and Surveys (DLS), the council reported that 18,114 sales documents were filed nationwide between January and December 2025, up from 15,797 in 2024.
The council said that while the volume of transfers increased by 0.77 per cent, their total value rose by around 10 per cent, pointing to interest in higher-value assets.
The president of the Real Estate Agents Registration Council, Marinos Kineyirou, said the results showed the sector’s resilience and attractiveness, adding that the market had absorbed shocks from the international environment and returned to a strong growth trajectory.
What do you think the 2025 increase in higher-value property transfers indicates about market demand in Cyprus?
