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Prospect News home > News index > List of issuers H > Headlines for Hellenic Telecommunications Organization SA > News item
Published on 1/16/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Hellenic Telecommunications unit to issue 7¼% notes in exchange offer

By Susanna Moon

Chicago, Jan. 16 - Hellenic Telecommunications Organization SA said its subsidiary OTE plc plans to exchange €187 million of notes due August 2013 for an add-on issue of €187.7 million 7¼% notes due February 2015.

The new notes will be listed on the Luxembourg Stock Exchange and will be consolidated with the existing €600 million notes issued in February 2008 and due in February 2015 with the current coupon of 7¼%.

The repurchased notes due August 2013 will be canceled.

Hellenic is an Athens-based telecommunications company.


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