By issuing a bond loan worth 500 million euros maturing in 2031, the PPCas announced today in a statement to the Stock Exchange.
Proceeds from the offering will be used to fund ongoing capital expenditure projects of PPC and its subsidiaries and to pay the costs and expenses of the offering.
PPC intends to list the securities on the Euronext Stock Exchange in Dublin for trading on the international stock market or other suitable trading venue in the European Union.
PPC Advertising
Below is the PPC ad:
Proposal to offer 500 million euros in bonds maturing in 2031
“Empresa Pública de Electricidade SA (the “PPC”) announces today that it intends to issue and offer (the “Offer”) senior notes with a total nominal value of 500 million euros due in 2031 (the “Obligations”), subject to to market conditions and demand. The Offer’s resources will be used to finance the ongoing investment projects of PPC and its subsidiaries and to pay the Offer’s costs and expenses. above.
Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE and HSBC Continental Europe act as joint international coordinators and lead book managers, and BNP PARIBAS, Deutsche Bank Aktiengesellschaft, Nomura Financial Products Europe GmbH, Société Générale, and Alpha Bank SA, Eurobank SA , National Bank of Greece SA, Optima Bank SA, Piraeus Bank SA, Ambrosia Capital Monoprosopi SA, AXIA Ventures Group Limited and Euroxx Securities AEPY act jointly as Joint Book Managers in connection with the Offering. The Offer roadshow will begin on October 21, 2024.
PPC is Southeast Europe’s leading electricity company and critical infrastructure operator, operating mainly in Greece and Romania. For over 70 years, PPC has been at the forefront of Greece’s energy sector and is an integral part of the country’s electrification. It is the largest producer and supplier of electricity, supplying electricity to approximately 5.6 million end-customers as of June 30, 2024. It also owns 51% of Hellenic Electricity Distribution Network Operator SA, the sole owner and operator of the electricity distribution network in . the country. In Romania, PPC is the largest energy supplier and the second largest electricity distribution network operator, supplying energy to approximately 3.2 million end customers as of June 30, 2024. PPC is a publicly listed company and its shares are traded on the Main (Regulated) Stock Exchange. Athens Stock Exchange Market with a capitalization of approximately €4.3 billion as of June 30, 2024.”