8 billion bailout bond
issued in favour of now-defunct Laiki Bank, which was transferred to BoC after the failed lender was wound down.
Last month, Noor Islamic Bank's chief executive Hussain Al Qemzi reportedly told Zawya Dow Jones that the bank had received a portion of Dubai's USD10bn economic bailout bond
in the form of deposits.
Hopefully, once the $15 billion bailout bond
issue is behind us, the governor and legislators will have some breathing room to turn their attention to producing leaner, more effective state services.
Repayment of the Laiki bailout bond
had already been announced by Governor of the Central Bank of Cyprus (CBC) Chrystalla Georghadji on Wednesday.
AVC's acting president, Jackie Fisher, also said it would be beneficial to postpone the bond election to avoid conflict with the state deficit bailout bond
proposed by Gov.
Without an extension, Athens would also lose access to almost 11 billion euros in euro zone bailout bonds
now available to safeguard Greek bank capital needs in the Hellenic Financial Stability Fund.
5bn of capital and reduce manager salaries and operating costs, in order to receive bailout bonds
and avoid nationalisation.
Yields on Europe's own 10-year EFSF bailout bonds
have also declined since mid-September.
TOKYO - The euro strengthened against both the dollar and the yen Thursday morning in Tokyo on a report that China plans to buy Portuguese bailout bonds
, at a time when European sovereign debt woes weigh on the single currency.
The Financial Times quoted the head of the European Financial Stability Facility as saying China and other Asian investors were expected to buy a "strong proportion" of Portuguese bailout bonds
when the euro zone's rescue fund starts auctioning them next month.
A Financial Times report also cited by traders as supporting the euro said that China and other Asian investors would buy a "strong proportion" of bailout bonds
for Portugal to be issued next month by the European Financial Stability Facility.
Wall Street has rebounded recently, raking in bumper profits that have helped banks repay bailout bonds
and freed them to pay out massive staff bonuses once more.