OTE plc today issued a €40 million bond, as the Hellenic Telecommunications Organization of Greece informs.

In particular, as stated in the announcement of the OTE, a €40 million bond was issued, maturing in October 2024.  The yield was set at 3.997% per year. Deutsche Telekom AG fully underwrote the new bond.

The proceeds from the new bond will be used to cover the general operating needs of the OTE Group.