print Share page with AddThis

ESM disburses €1.5 billion to Cyprus


Press releases


Luxembourg – The European Stability Mechanism (ESM) disbursed today €1.5 billion to Cyprus for the recapitalisation of the cooperative banking sector. The amount was disbursed in a cashless operation involving one series of 18-month ESM floating rate notes (FRN). The loan will be repaid in two equal instalments of €750 million, due in 2029 and 2030, respectively.

Cyprus has now received a total of €4.5 billion in ESM financial assistance out of a total committed amount of approximately €9 billion.

There is an online information package on the Cyprus programme at: 

Wolfgang Proissl

Wolfgang Proissl
Chief Spokesperson

+352 260 962 230

Anabela Reis

Anabela Reis
Senior Spokesperson

+352 260 962 551

George Matlock

George Matlock
Senior Financial Spokesperson

+352 260 962 232

Section for US QIB Investors Subscribe to ESM News