A yield of approximately 4.75% (with a variation of +/- 12.5 basis points) was assigned to HelleniQ Energy's €400 million bond offering.

It is recalled that this is a 5-year bond (non-redeemable, 5NCL) through which existing debt will be refinanced, including an offer for an existing senior bond (2%) of €600 million to be used for general corporate purposes. The offer book is expected to close today at 14:30 GMT.

As announced yesterday, Citigroup and Goldman Sachs Europe will act as global coordinators and joint bookrunners of the issue, HSBC as joint bookrunner, and Alpha Bank, Eurobank, National Bank, and Piraeus Bank as co-leaders.

Goldman Sachs will coordinate the logistics of the transaction. The National Bank of Greece organised a breakfast with investors in Athens yesterday, Tuesday, and teleconferences with a group of investors took place over the weekend of July 15–16.