LIMASSOL, Cyprus, June 8 Cyprus has decided to
pay back 280 million euros ($314.6 million), or 28 percent, of a
loan it had obtained from the International Monetary Fund IMF,
the head of public debt management office at the ministry of
finance said on Thursday.
"I would like to share with you a recent decision by the
government... We are comfortable that we can borrow from the
market at interest rates lower than the... rate charged by the
IMF on this specific amount of 280 million euros," Phaedon
Kalozois said, speaking at a conference.
($1 = 0.8902 euros)
(Reporting by Kira Zavyalova; Writing by Katya Golubkova;
Editing by Andrey Ostroukh)