Public Electricity Company S.A. issued and offered (the “Offer”) unsecured senior notes. (the “PPC”).
The bonds have a total nominal value of 500 million euros with maturity in 2031. As the relevant announcement notes, the proceeds from the Offer will be used for the financing of the ongoing capital expenditure projects of PPC and its subsidiaries and for the payment of the costs and expenses of the Offer.
It is not possible to guarantee the realization of the Offer, nor the aforementioned amount.
PPC intends to list the Bonds on the Euronext stock exchange in Dublin for trading on its Global Exchange Market, or on another suitable trading venue in the European Union.
PPC: The administrators of the book
Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE and HSBC Continental Europe are acting as joint International Coordinators and Lead Book Managers, and BNP PARIBAS, Deutsche Bank Nomura Financial Products Europe GmbH, Société Générale, and Alpha Bank S.A., Eurobank S.A., National Bank of Greece S.A.,
Optima Bank S.A., Piraeus Bank S.A., Ambrosia Capital Sole Proprietorship S.A., AXIA Ventures Group Limited, and Euroxx Securities AEPEY are jointly acting as Joint Bookrunners in relation to the Offer.
The roadshow of the Offer will start on October 21, 2024.
It is South East Europe’s leading electricity company and critical infrastructure operator, operating mainly in Greece and Romania.
For more than 70 years, PPC has been at the forefront of Greece’s energy sector and an integral part of the country’s electrification.
It is the largest producer and supplier of electricity, providing electricity to approximately 5.6 million end customers as of June 30, 2024.
PPC provides electricity to approximately 5.6 million end customers
It also owns 51% of the Hellenic Electricity Distribution Network Operator SA, the sole owner and operator of the electricity distribution network in the country.
In Romania, It is the largest energy supplier and the second largest electricity distribution network operator, providing energy to approximately 3.2 million end customers as of June 30, 2024.
The listed company and its shares are traded on the Main (Regulated) Market of the Athens Stock Exchange with a capitalization of approximately €4.3 billion as of June 30, 2024.
Source: ot.gr
#PPC #markets #Issued #bond #million #euros
