PPC to Issue €500 million in bonds to fund expansion
- Written by E.Tsiliopoulos
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.
PPC intends to list the notes on the Euronext Dublin exchange, making them accessible to a wide range of investors. The funds raised will be crucial in supporting PPC's capital expenditure projects, fueling the company's growth and development.
This bond issuance is a significant step for PPC, demonstrating its commitment to expansion and investment in its future.
By tapping into the debt market, PPC can secure the necessary funding to execute its strategic plans and strengthen its position in the energy sector.
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