Click here to send
Click here to watch the
Click here to watch the video
Click here to watch the relevant video.
See our glossary
Following a series of meetings with international institutional investors, HELLENIC PETROLEUM S.A. mandated BNP Paribas, Credit Suisse Securities (Europe) Limited, Eurobank Ergasias S.A. and HSBC Bank plc to act as Joint Lead Managers and arrange the issue of a two-year USD denominated Eurobond. The Eurobond will be issued by HELLENIC PETROLEUM FINANCE PLC, a subsidiary of HELLENIC PETROLEUM S.A. who will be the guarantor. The issued securities will be listed in the Luxemburg Stock Exchange, while the size and coupon of the issue will be determined once books close in the next few days.
The proceeds of the issue will be used to refinance existing facilities and for general corporate purposes. The issuance of this Eurobond is in line with the refinancing strategy of the Group to switch part of its funding to USD, being the functional currency for the refining industry, while the tenor has been determined on the basis of current market conditions.
HELLENIC PETROLEUM GROUP
Founded in 1998, Hellenic Petroleum is one of the leading energy groups in Southeast Europe, with activities spanning across the energy value chain and presence in 7 countries. Its shares are primarily listed in the Athens Exchange (ATHEX: ELPE), with its market capitalisation amounting to c. €1.9bn.
V. Tsaitas, Investor Relations Officer
E. Stranis, Group Corporate Affairs Director
G. Stanitsas, Group Communications Director