Public Power Corporation S.A. (“PPC S.A”) informs that its wholly-owned subsidiary Public Power Corporation Finance plc (the “Company”) announces that it intends to redeem €150,000,000 in aggregate principal amount of its outstanding €500,000,000 5.5% Senior Notes due 2019 (the “Notes”) from holders of the Notes (the “Noteholders”) on the terms set out below (the “Redemption”).
The Redemption is being made as part of the Company’s liability management strategy.
The redemption date will be 23 February 2018 (the “Redemption Date”) and the record date will be 22 February 2018.
The redemption price for the Notes will be 101.375% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the Redemption Date, in an amount of € 17.11 for each €1,000 Note (the “Redemption Price”).
Athens, February 13, 2018