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HLTOY Hellenic Telecommunication Organization SA (PK)

7.5622
0.0322 (0.43%)
17 Jun 2024 - Closed
Delayed by 15 minutes
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
  0.0322 0.43% 7.5622 6.85 7.58 7.5622 7.5622 7.5622 1,181 21:00:10

Greece's OTE Plans New Euro Five-Year Bond

29/01/2013 11:15am

Dow Jones News


Hellenic Telecommunicati... (PK) (USOTC:HLTOY)
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   By Serena Ruffoni 
 

Greek telecommunications company OTE, guaranteed by Hellenic Telecommunications Organization SA (HTO.AT), plans to issue a five-year euro-denominated bond, said one of the banks mandated to arrange the deal Tuesday.

The company plans to buy back its bonds maturing in 2013 and 2014.

OTE will update investors later Tuesday about its intentions on a conference call. BNP Paribas, Deutsche Bank and HSBC are lead managers on the projected bond issue.

OTE is 40%-owned by Deutsche Telekom.

Ratings for the company are Caa1 by Moody's Investors Service Inc. and B- by Standard & Poor's.

Last Autumn, Greek dairy company FAGE priced a dollar-denominated bond. This from OTE is the first euro-denominated corporate bond from a Greek company since 2011, the last time OTE itself issued a bond.

Write to Serena Ruffoni at serena.ruffoni@dowjones.com

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