Cyprus on Tuesday appointed banks for a syndicated sale of debt maturing in December 2024 and May 2049, with the deal largely expected to be launched later on Wednesday.

The country's 10-year bond yields hit a one-month high of 1.61 pct in early trade on Wednesday, while the island nation's longest-dated bond so far, a 15-year note , touched a three-week high of 2.277 percent.