Ellaktor marketing €600 million green senior notes due 2024

By Paul A. Harris

Portland, Ore., Dec. 2 – Greece-based Ellaktor SA is in the market with a €600 million offering of green-eligible senior notes due 2024 (B/BB), according to a market source.

HSBC Bank plc, Citigroup Global Markets Ltd. and J.P. Morgan Securities plc are joint global coordinators and joint bookrunners. Goldman Sachs International is a joint bookrunner.

Alpha Bank AE, Eurobank Ergasias SA, National Bank of Greece SA, Piraeus Bank SA, Ambrosia Capital Ltd. and Axia Ventures Athens Branch are the co-managers.

The notes are non-callable.

The issuing entity will be Ellaktor Value plc, a wholly owned subsidiary of Ellaktor.

Proceeds will be used to prepay certain debt of Ellaktor and its subsidiaries Aktor Concessions SA and Aktor SA and for general corporate purposes.

The prospective issuer is a diversified infrastructure group focused on concessions, renewable energy, waste management, construction and real estate development.

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