Incumbent OTE has completed the bookbuilding process for its E500m 3-year notes that have a coupon of 7.250.
Alpha, BNP Paribas, EFG Eurobank, HSBC and Morgan Stanley are acting as bookrunners for the issue, which the company expects will be settled on 8…
Incumbent OTE has completed the bookbuilding process for its E500m 3-year notes that have a coupon of 7.250.
Alpha, BNP Paribas, EFG Eurobank, HSBC and Morgan Stanley are acting as bookrunners for the issue, which the company expects will be settled on 8 April.
Welcoming the transaction, CFO Kevin Copp said: “The positive response from a wide range of bond investors, both from across Europe and further afield has been really encouraging. This was a very important transaction for OTE, as we begin the refinancing of 2012 maturities and builds on our recent success in negotiating a new E900m bank facility.” The notes have been guaranteed by the company under its E6.5bn global medium term note programme.
