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This does not affect the government for the time being, because it can cover its financing needs this year from the rescue funds.
It is comfortable with its financing needs and has raised its dividend by 5%, helping to push the shares up 3.5p to 530p.
Greece's 2010 bailout covered its financing needs only for two years, assuming it could raise 27 billion euros from investors in 2012.
But a government spokesman, Stefanos Stefanou, told state radio station RIK that, "if Cyprus seeks support from the mechanism, it will be for its banks and not for its financing needs".
Lagarde said: "A combined financing package of €10bn is designed to help Cyprus cover its financing needs, including to service debt obligations, while it implements the policies needed to restore the health of the economy and regain access to capital market financing".
"We're getting close to the solar industry in east Africa to really understand its financing needs.
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On Wednesday, even as it announced its huge financing needs for the latest quarter, the Treasury said financial markets could accommodate the flood of new bonds.
The country estimates that it needs up to $15.0 billion from foreign lenders to cover its current financing needs.
Spain could need $12.3 billion on top of its announced financing needs of $33.2 billion through the end of the year, he estimated, because of difficulty meeting its deficit target of 6.3 percent of gross domestic product for 2012.
That deal was contingent on Spain's being able to continue tapping the bond market for its regular financing needs.
The company has decided not to borrow money at all, meeting its modest financing needs through retained profits.
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