Cyprus will be charged a 10 basis point margin above financing costs for the loans, plus a 50 basis point up-front fee for every disbursement, said the proposal, which will be discussed on Friday by EU finance ministers in Dublin.

The ESM document, obtained by Reuters, bears the date of April 23, 2013, indicating that this will be the date when the euro zone is likely to formally sign the bailout agreement with Cyprus.

(Reporting By Gernot Heller, writing by Jan Strupczewski; editing by John O'Donnell)