REG - Bank of Cyprus Hldgs - Amendment to Covered Bond Terms and Conditions

Bank of Cyprus HoldingsAnnouncement

09/08/2022 13:30

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RNS Number : 4454V  Bank of Cyprus Holdings PLC  09 August 2022

 

 

Announcement

 

Amendment to Covered Bond Terms and Conditions

 

Nicosia, 09 August 2022

 

 

 

 

Bank of Cyprus Holdings Public Limited Company announces that following the
implementation in Cyprus of Directive (EU) 2019/2162, Bank of Cyprus Public
Company Limited (the 'Bank') has proceeded with an amendment to the terms and
conditions of the €650 million Series 2 Floating Rate Covered Bonds due 2026
(ISIN: XS0718673311) secured by residential mortgages originated in Cyprus,
which the Bank has in issue (the 'Covered Bonds'). All of the Covered Bonds
are held by the Bank.

 

The amended terms can be found on the Bank's website www.bankofcyprus.com
(http://www.bankofcyprus.com) (Group/ Investor Relations/ Fixed Income/
Covered Bond).

 

 

 

Group Profile

 

The Bank of Cyprus Group is the leading banking and financial services group
in Cyprus, providing a wide range of financial products and services which
include retail and commercial banking, finance, factoring, investment banking,
brokerage, fund management, private banking, life and general insurance. At 31
March 2022, the Bank of Cyprus Group operated through a total of 86 branches
in Cyprus, of which 11 operated as cash offices. At 31 March 2022, the Group's
Total Assets amounted to €25.1 bn and Total Equity was €2.1 bn. The Bank
of Cyprus Group employed 3,395* staff worldwide. The Bank of Cyprus Group
comprises Bank of Cyprus Holdings Public Limited Company, its subsidiary Bank
of Cyprus Public Company Limited and its subsidiaries.

 

*The Bank of Cyprus Group employed 3,395 staff worldwide as at 31 March 2022.
The number of staff has been reduced by c.550 employees following the
completion of a voluntary staff exit plan in July 2022.

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