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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Hellenic Telecommunication Organization SA (PK) | USOTC:HLTOY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.30 | 7.20 | 7.63 | 7.30 | 7.30 | 7.30 | 120 | 18:10:49 |
By Sarka Halas
Greek telecommunications company OTE, guaranteed by Hellenic Telecommunications Organization SA (HTO.AT), has opened books on its euro benchmark five-year bond, said one of the banks running the deal said Wednesday.
Initial price recommendations on the bond are set to yield 8% to 8.25%.
BNP Paribas, Deutsche Bank and HSBC are lead managers on the deal, which is expected to price later Wednesday.
OTE is 40%-owned by Deutsche Telekom (DTE.XE).
Ratings for the company are Caa1 by Moody's Investors Service Inc. and B- by Standard & Poor's.
This is first euro-denominated corporate bond from a Greek company since 2011, the last time OTE itself issued a bond.
Write to Sarka Halas at sarka.halasova@dowjones.com
1 Year Hellenic Telecommunicati... (PK) Chart |
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