September 17, 2019 / 10:55 AM / 3 months ago

OTE Telecom opens books for 7-year bond issue

ATHENS, Sept 17 (Reuters) - Greece’s biggest telecoms operator OTE is tapping debt markets with a 7-year bond, aiming to raise 500 million euros ($551.05 million), it said on Tuesday.

The bookbuilding process opened earlier on Tuesday, OTE, which is 45% owned and managed by Germany’s Deutsche Telekom , said.

OTE mandated BNP Paribas and Goldman Sachs International for the issue. Offers had exceeded 2.25 billion euros according to IFR, Refinitiv’s capital markets news service.

$1 = 0.9074 euros Reporting by Angeliki Koutantou

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