Greece's Hellenic Petroleum talks dollar-denominated two-year notes to yield in 4¾% area

By Paul A. Harris

Portland, Ore., May 8 - Greece-based oil refiner Hellenic Petroleum Finance plc set initial yield talk for a to-be-determined amount of dollar-denominated two-year senior notes in the 4¾% area, a market source said on Thursday.

The non-rated deal is set to price before the end of the week.

BNP Paribas, Credit Suisse, Eurobank and HSBC are the joint bookrunners for the Regulation S only offering.

Proceeds will be used to refinance debt and for general corporate purposes.

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