Displaying items by tag: bond issue

Greece's Public Power Corporation (PPC) announced plans on Monday to issue €500 million worth of senior unsecured notes due in 2031. This move, subject to market conditions, aims to raise capital for PPC's ongoing expansion projects and cover associated expenses.

The opening of the offer book for the re-issue of a 7-year title is simply just a matter of hours. Greece is sending an invitation with the aim of raising an amount of 1.5-2.5 billion euros. Conditions are the best possible, given the international turmoil. Conditions were considered appropriate after the two upgrades of the Greek economy by the rating agencies (Apr. 2022 S&P to BB +, March 2022 DBRS to BB high), the improved deficit of 2021 by Eurostat and the contribution of the French elections to the international climate.

Piraeus Bank on Thursday officially announced the successful issue of a 500 million euros Tier 2 bond with institutional investors at a coupon of 5.50 pct. The bond has a maturity of 10 years, an embedded issuer call option after 5 years and will be listed on the Luxembourg Stock Exchange.