Today, Hellenic Petroleum confirmed their hiring of HSBC Bank, BNP Paribas, Eurobank Ergasias SA and Credit Suisse Securities Ltd., to distribute a fixed interest rate two-year U.S. dollar bond.
Hellenic Petroleum's guarantee will be administered in the issue, while the bonds will be traded on the Luxembourg Stock Exchange. Funds generated will be directed to assist the financial group's funding requirements, and for the refinancing of current short-term loans. Issue details will be set this week, after the book-building mechanism is finalized.
The financial institutions are aiming to transform a portion of its loan portfolio into U.S. dollars, as American money is the oil sector's used currency. It has been reported by ANA, that the issue will achieve 200 million dollars. In April 2013, Hellenic Petroleum offered a 500 million euro four-year bond loan, with a 8.0% fixed interest rate.
- The 62nd round of exploratory contacts between Greece and Turkey will take place on March 16 in Athens
- War and Power in Classical Greece: Lessons for Superpowers and the World
- The 22nd Annual Capital Link Invest in Greece Forum: "Greece – Looking Ahead With Confidence"
- Ankara did not like the EU sanctions resolution
- Greece ranks 5th in top tourism brands