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
- Olympic Flame to arrive at the port of Marseille on Wednesday
- Neonazi leader Kasidiaris requests prison release
- Moutzouris back on track in Pelion
- Foreign Min, and opposition parties condemn Monastery of Chora turned into Mosque by Erdogan
- MEP Kefalogiannis visits fellow candidate Fredi Beleri in Albanian prison
Latest from E.Tsiliopoulos
- Olympic Flame to arrive at the port of Marseille on Wednesday
- Neonazi leader Kasidiaris requests prison release
- Moutzouris back on track in Pelion
- Foreign Min, and opposition parties condemn Monastery of Chora turned into Mosque by Erdogan
- MEP Kefalogiannis visits fellow candidate Fredi Beleri in Albanian prison