Greek telecom OTE’s 500 million bond coupon at historic lows of 0.875%

Hellenic Telecommunications Organisation S.A. (OTE) on Wednesday announced that OTE Group concluded on Tuesday, the bookbuilding process for the issuance of a 500 million euros 7-year bond in international debt capital markets, according to ANA.  The issuance was strongly oversubscribed enabling tight pricing. The coupon was set at 0.875 pct, the lowest ever achieved. OTE Group achieved significant improvement of its financial position through the extension of its debt maturity profile at very attractive rates. Deutsche Telekom AG participated in the issuance by covering 20 pct of the deal size, signaling its support to the sustainable development of the Group and its vote of confidence in the prospects of the Greek economy. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Salonica84  Let's block ads! (Why?)