OTE plans benchmark euro-denominated notes for debt refinancing

By Paul A. Harris

Portland, Ore., July 1 – Greek telecommunications provider OTE plc announced in a Tuesday press release that it plans to make a benchmark offering of euro-denominated fixed-rate notes via its medium-term note program.

The Maroussi, Greece-based company, also known as Hellenic Telecommunications Organization SA, plans to use the proceeds to fund tenders for its bonds maturing in February 2015 and in May 2016.

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