By Wendy Van Sickle
Columbus, Ohio, May 14 – OTE plc issued €200 million of seven-year notes at a yield of 0.627%, according to a company announcement.
The notes are guaranteed by Hellenic Telecommunications Organization SA.
They were fully subscribed by Deutsche Telekom AG.
Proceeds will be used for the refinancing of the €200 million OTE notes maturing in June 2021 as well as for general corporate purposes.
The telecommunications company is based in Greece.
| Issuer: | OTE plc
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| Guarantor: | Hellenic Telecommunications Organization SA
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| Securities: | Notes
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| Amount: | €200 million
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| Maturity: | May 2028
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| Yield: | 0.627%
|
| Settlement date: | May 14
|
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