The Cyprus finance minister says an Asian investor is interested in buying around €500m worth of Cypriot bonds.
Minister Kikis Kazamias said he would hold talks with the investor, who will travel to the island later Friday. Kazamias didn’t name the investor but Cypriot media have identified him as Reignwood Group Chairman Dr Chanchai Ruayrungruang.
Kazamias said the investor is among many interested in investing in Cyprus which effectively cannot borrow from international markets because of its near-junk credit rating due to its banks’ heavy exposure to Greek debt.
The country is relying on a €2.5blow-interest Russian loan to pay its bills this year
Asian interested in buying 500 million Euros Cyprus Bonds
