Greece's PPC successfully issues new 7-year bond raising 600 million euros

PPC successfully completed the issuance of a new 7-year bond on Wednesday, attracting four times the initial target with an interest rate of 4.625%,
The total amount raised reached 600 million euros, surpassing the original goal of 500 million euros, with investor bids totaling 2 billion euros.
The majority of investors in the PPC bond are foreign, primarily long-term investors. The funds will be directed towards investments by PPC and its subsidiaries as part of the group's development business plan, which includes 9 billion euros in investments over the next three years, primarily focused on renewable energy sources, network upgrades, and new initiatives.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
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