1 What types of debt securities offerings are typical, and how active is the market?
Debt securities are typically offered in the Cypriot market in the form of corporate bonds, and usually take the form of fixed rate securities, guaranteed securities or convertible bonds. A large number of Cypriot issuers may offer and admit bonds to trading on a regulated market other than in Cyprus, and in such cases the debt securities take a number of different forms including high-yield bonds.
2 Describe the general regime for debt securities offerings.
The principal laws governing the regime for debt securities offerings are:
• the Public Offer and Prospectus Law, 114(I) of 2005 as amended (Prospectus Law), implementing Directive 2003/71/ EC as amended on the prospectus to be published when securities are offered to the public or admitted to trading (Prospectus Directive);
• the Insider Dealing and Market Manipulation (Market Abuse) Law, No. 116(I) of 2005 as amended (Insider Dealing and Market Manipulation Law), implementing the EU Market Abuse Directive (2003/6/EU)...
Originally published in Getting the Deal Through – Debt Capital Markets 2014.
Please see full Chapter below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.