Motor Oil (Hellas) talks €350 million five-year notes at 2½%-2¾%; pricing Thursday

By Paul A. Harris

Portland, Ore., July 7 – Motor Oil (Hellas) Corinth Refineries SA talked its €350 million offering of five-year senior bullet notes to yield 2½% to 2¾%, according to a market source.

The Regulation S offering is expected to price on Thursday.

Global coordinator and joint bookrunner Citigroup Global Markets Europe AG will bill and deliver. Alpha, Eurobank, Goldman Sachs, HSBC, ING, JPMorgan, NBG, Nomura, Optima and Piraeus are the joint bookrunners.

The Athens-based refiner plans to use the proceeds plus cash on hand to redeem €350 million of Motor Oil Finance, plc’s 3¼% senior notes due 2022.

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