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
-
Two Americans and 25 European ministers in Greece for the EU’s energy independence
-
The first message and Guilfoyle’s syrtaki in Greece – See which politicians and businessmen she invited to Argyros
-
Bloody incident in Vorizia, Heraklion – Dead and injured after explosion and exchange of fire
-
iPhone 12 Withdrawn from Greek Market over Radiation
-
Sheep pox outbreak: Cases detected in 250 farms across Central Macedonia – 57,000 animals culled
Latest from E.Tsiliopoulos
- Two Americans and 25 European ministers in Greece for the EU’s energy independence
- The first message and Guilfoyle’s syrtaki in Greece – See which politicians and businessmen she invited to Argyros
- Bloody incident in Vorizia, Heraklion – Dead and injured after explosion and exchange of fire
- iPhone 12 Withdrawn from Greek Market over Radiation
- Sheep pox outbreak: Cases detected in 250 farms across Central Macedonia – 57,000 animals culled
