Chicago, June 16 – Hellenic Telecommunications Organization SA announced that subsidiary OTE plc issued €150 million of bonds due June 2023 with a yield of 0.666%, according to an announcement.
The new bond was fully subscribed by Deutsche Telekom AG.
The issue will not be listed for trading.
Guaranteed by OTE SA, the bonds are being issued under an existing global medium-term note program.
Proceeds will be used to refinance part of the €375 million bond issued by OTE plc maturing in July.
The telecommunications company is based in Athens.
| Issuer: | OTE plc
|
| Guarantor: | OTE SA
|
| Amount: | €150 million
|
| Issue: | Bonds
|
| Maturity: | June 2023
|
| Subscriber: | Deutsche Telekom AG
|
| Yield: | 0.666%
|
| Settlement date: | June 16
|
| Distribution: | Private placement
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
