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Hellenic Petroleum to price €300 million five-year bullet this week; roadshow ends Thursday
By Paul A. Harris
Portland, Ore., Oct. 5 – Greece-based Hellenic Petroleum SA plans to price €300 million of non-callable five-year senior notes before the end of the week, according to a market source.
An investor roadshow is set to end on Thursday.
Credit Suisse Securities (Europe) Ltd. and HSBC Bank plc are the global coordinators. Eurobank Ergasias SA, Alpha Bank AE, NBG Securities SA and Piraeus Bank SA are the joint bookrunners.
The Marousi, Greece-based oil company plans to use the proceeds to fund the tender for its €489,382,000 of outstanding 8% guaranteed notes due May 2017 issued by its wholly owned subsidiary, Hellenic Petroleum Finance plc, and to repay debt.
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