**Cyprus Development Bank Announces Bond Interest Payment Schedule**
The Cyprus Development Bank (CDB) has officially announced the schedule for interest payments to bondholders of its CDBB1 series. This notification, released on Monday, outlines the key dates and details regarding the payment of interest for the upcoming six-month period.
The interest payment will cover the period from December 23, 2025, to June 22, 2026. Bondholders can expect to receive their interest payments based on the established schedule, which is critical for investors managing their portfolios.
Key dates in the payment schedule include:
- **Final Trading Date**: June 16, 2026. This is the last day that bonds can be traded with the right to receive the interest payment.
- **Ex-Interest Date**: June 17, 2026. On this date, bonds will begin trading without the entitlement to the upcoming interest payment.
- **Record Date**: June 18, 2026. This date determines which bondholders are eligible to receive the interest payment based on their registration status.
- **Official Interest Payment Date**: June 23, 2026. This is when the actual interest payments will be disbursed to eligible bondholders.
The CDB has emphasized that investors who hold their bonds through an off-exchange transfer completed by the record date will also qualify for the interest payment. This provision ensures that a broader range of bondholders can benefit from the scheduled interest disbursement.
The bonds in question carry an annual interest rate of 7.125 percent of their nominal value. The total interest payable will be calculated based on the actual number of days in the interest period, utilizing a 365-day year basis for accuracy.
This announcement is particularly relevant for investors in the CDBB1 series, as it provides clarity on the timeline for interest payments and reinforces the bank's commitment to maintaining transparent communication with its stakeholders. The CDB continues to uphold its responsibilities to bondholders, ensuring that they are informed of all pertinent details regarding their investments.
As the scheduled dates approach, bondholders are encouraged to review their holdings and ensure they are positioned to receive their interest payments as outlined. The CDB's proactive approach in announcing these details reflects its dedication to fostering investor confidence and maintaining a robust financial environment in Cyprus.