1 minuteHELLENIC PETROLEUM FINANCE PLC, a subsidiary of HELLENIC PETROLEUM SA intends to issue a Eurobond, with a four year tenor and fixed coupon. The Issue will be guaranteed by HELLENIC PETROLEUM SA and the securities will be listed in the Luxemburg Stock Exchange. The size of the Issue is expected around €400m, with the coupon in the 8.5% area. The final size and coupon of the Issue will be determined in the next few days, upon pricing of the transaction. The proceeds of the Issue will be used to refinance existing facilities and for general corporate purposes.
Alpha Bank Α.Ε., Credit Suisse Securities (Europe) Limited, Eurobank Ergasias S.A., HSBC Bank plc and NBG Securities S.A. are acting as Joint Lead Managers to the issue.
HELLENIC PETROLEUM GROUP
Founded in 1998, HELLENIC PETROLEUM is one of the leading energy groups in Southeast Europe, with activities spanning across the energy value chain and presence in 7 countries. Its shares are primarily listed on the Athens Exchange (ATHEX: ELPE), with its market capitalisation amounting to c. €2.5bn.
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