Asian Investors For Cyprus
Properties for sale by this property agent:
Agent
This article has been submitted by a user of this site. Click the logo for more details.
Article
Article by: emmanuel@seekinternationalproperty.net (Emmanuel Adeyanju) Published: 16/05/2012
Asian Investors For Cyprus
NICOSIA, Cyprus — An Asian investor is interested in buying around €500 million ($665 million) worth of Cypriot bonds, Cyprus’ finance minister said Friday, in a welcome development for a country keen to reverse its credit rating’s slide into junk territory.
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 a Finance Ministry official speaking anonymously because of the sensitivity of the talks identified him as Reignwood Group Chairman Dr. Chanchai Ruayrungruang.
Kazamias said the investor is among many interested in investing in Cyprus.
Cyprus is counting on the discovery of a sizable quantity of gas off its southern coast to attract foreign investment. Officials estimate the find is enough to meet domestic energy needs for decades.
Article Link: http://www.property-partnership.com/overseas-property-guides/overseas-property-guide.cfm?id=381
Please contact the author at emmanuel@seekinternationalproperty.net for more information.
| @ | MEMBER OF PROJECT HONEY POT Spam Harvester Protection Network |