Hypo Alpe Adria Bank guarantee, offered a debt hair-cut to buy the senior bonds for 75% face value and 30% face value for subordinated bonds. On 4 August 2016, a private equity fund advised by Bain Capital purchased Heta Asset Resolution Italia S.r.l. (former Hypo Alpe-Adria Leasing S.r.l.) from Heta. During the year, Financial Market Authority also made a debt hair cut using the power as a resolution authority of EU "Bank Recovery and Resolution Directive", making the bad bank had a positive equity for the first time. Hypo Alpe Adria Bank Heta Asset Resolution A.G. is a "bad bank" that was the residual
Cyprus in the Eurovision Song Contest 2013 competition, placing 15th and scoring 11 points. Points awarded in first semi-final: Points awarded in the final: Cyprus in the Eurovision Song Contest 2013 Cyprus participated in the Eurovision Song Contest 2013 in Malmö, Sweden, and selected their entry through an internal selection, organised by the Cypriot broadcaster Cyprus Broadcasting Corporation (CyBC). Despina Olympiou represented Cyprus with the song "An me thimasai", which failed to qualify from the first semi-final of the contest, placing 15th and scoring 11 points. Prior to the 2013 Contest, Cyprus had participated in the Eurovision Song Contest twenty-nine times since its first entry in 1981.