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Hellenic Petroleum moves up timing on upsized €500 million offering of four-year notes
By Paul A. Harris
Portland, Ore., April 29 - Hellenic Petroleum Finance plc upsized its offering of four-year non-callable senior notes to €500 million from €400 million and moved up the deal's timing, market sources said on Monday.
Price talk was revised to 8% from 8¼%. Last week the deal was being talked at 8½%.
Terms on the offer are expected before the Monday close in Europe.
Alpha Bank, Credit Suisse, Eurobank, HSBC and NBG are the joint bookrunners for the Regulation S only deal.
HSBC will bill and deliver.
The Greek oil refiner plans to use the proceeds to refinance debt and for general corporate purposes.
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