By Mary-Katherine Stinson
Lexington, Ky., June 22 – OTE plc issued an €80 million bond due October 2023 at a yield of 3.701%, according to a company announcement.
The bond, issued under OTE’s global medium-term note program, is guaranteed by Hellenic Telecommunications Organization SA.
It was fully subscribed by Deutsche Telekom AG.
Proceeds will be used for refinancing part of OTE’s €150 million bond that matured on June 8.
The telecommunications company is based in Greece.
Issuer: | OTE plc
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Guarantor: | Hellenic Telecommunications Organization SA
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Securities: | Bond
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Amount: | €80 million
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Maturity: | October 2023
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Yield: | 3.701%
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Settlement date: | June 20
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