Ellaktor tests investor appetite for more Greek debt with €600m green bond

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By Karoliina Liimatainen
02 Dec 2019

Ellaktor is looking to tempt international investors with a carefully designed green bond that excludes a shaky construction business. The Greek company is looking to replace most of its long-term capital structure, currently heavy on local bank loans.

Ellaktor is issuing €600m of five year senior notes, non-callable for two years. The company is rated BB by Fitch and B from S&P, with the notes expected to get the same ratings.


HSBC, Citi and JP Morgan act as the global co-ordinators, with HSBC on ...

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