November 21, 2024
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HomeSEE Energy NewsGreece: PPC plans €500 million senior notes offering to fund expansion projects

Greece: PPC plans €500 million senior notes offering to fund expansion projects

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The Greek Public Power Corporation (PPC) has announced plans to issue unsecured senior notes totaling €500 million, maturing in 2031, contingent on market conditions and demand. The funds raised will support PPC’s ongoing expansion capital expenditure projects and cover related fees and expenses.

PPC aims to list the notes on Euronext Dublin’s official list, with the intention of facilitating trading on the Global Exchange Market or another suitable venue within the European Union.

The initial offering has garnered interest from 71 investors across Europe, collectively managing over €90 billion in assets, including venture capital firms, public investment banks, foundations, and corporate venture funds.

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