By Marisa Wong
Los Angeles, June 22 – Hellenic Telecommunications Organization SA announced that subsidiary OTE plc issued €80 million of bonds due October 2023 with a yield of 3.701%, according to a press release.
The new bond was fully subscribed by Deutsche Telekom AG.
Proceeds will be used to refinance part of OTE’s €150 million bond that matured on June 8.
The telecommunications company is based in Athens.
| Issuer: | OTE plc
|
| Amount: | €80 million
|
| Issue: | Bonds
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| Maturity: | October 2023
|
| Subscriber: | Deutsche Telekom AG
|
| Yield: | 3.701%
|
| Settlement date: | June 20
|
| Distribution: | Private placement
|
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