PUBLIC POWER CORP (PPC), the Greek state owned electricity utility, is preparing to tap the loan or bond market in the near future for a mixture of refinancing and new money. The company has not yet sought a loan in 1999, but if it follows previous borrowing patterns, it might bring a Eu300m or Eu400m five year bullet term loan. Whatever the type of transaction, borrowers are sure it will be denominated in euros and syndicated in the international market rather than concentrating on domestic Greek banks.
September 24, 1999