Oil Generates 350 Million Euros in Bond Sale
- Written by E.Tsiliopoulos
Motor Oil said it has raised 350 million euros from the sale of a five-year Senior Note issue with the interest rate set at 5.125 pct. The company said the sum raised was 50 million euros more than the sum requested.
The new bonds will carry a Motor Oil (Hellas) guarantee and will be listed for trading in the Euro MTF market of the Luxembourg Stock Exchange.
HSBC Bank plc acted as global coordinator of the issue, while Alpha Bank, Citigroup Global Markets Ltd, Credit Suisse Securities (Europe) Ltd, HSBC Bank plc, National Securities and Piraeus Bank acted as joint book-runners. Bids submitted during the book building process totaled 2.3 billion euros.
Motor Oil will use the new money to refinance its existing debt and to cover other company purposes.
Related items
-
Turkey under the microscope of the US Congress: Severe criticism for authoritarianism, persecution and rights violations
-
Giannis Antetokounmpo became... John Travolta in Grease for an advertisement for a company he's invested in
-
Germans are looking for Greeks for work - This is the profession that is becoming increasingly popular
-
Foreign Minister's demarche to Kiev regarding the sea drone in Lefkada: It could have caused innocent casualties, such actions are not justified
-
Esteemed actor Angelos Antonopoulos dies at 94
Latest from E.Tsiliopoulos
- Turkey under the microscope of the US Congress: Severe criticism for authoritarianism, persecution and rights violations
- Giannis Antetokounmpo became... John Travolta in Grease for an advertisement for a company he's invested in
- Germans are looking for Greeks for work - This is the profession that is becoming increasingly popular
- Foreign Minister's demarche to Kiev regarding the sea drone in Lefkada: It could have caused innocent casualties, such actions are not justified
- Esteemed actor Angelos Antonopoulos dies at 94
