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Hellenic Petroleum talks €300 million five-year notes in 5¾% area
By Paul A. Harris
Portland, Ore., June 26 – Hellenic Petroleum set initial yield talk for its €300 million offering of five-year senior notes in the 5¾% area, according to a market source.
The Regulation S-only deal is expected to price by the end of the week.
Global coordinator Credit Suisse will bill and deliver. Barclays is also a global coordinator.
Alpha Bank, Citigroup, Deutsche Bank, Eurobank and NBG Securities are the joint lead managers.
The notes come with three years of call protection.
The Athens-based petroleum refiner plans to use the proceeds to refinance debt.
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