Issue High Yield €670m
Senior Notes – Summary term sheet
- On 5 December 2019, ELLAKTOR, through its subsidiary ELLAKTOR VALUE PLC, a wholly-owned subsidiary of ELLAKTOR SA, completed the issue and placement of non-collatelarised Eurobonds worth EUR 600 million
- with interest rate at 6.375%,
- maturity in 2024 and
- issue price of 100.000%
- This issue helped to fully achieve the objective of a truly international bond which ensures future access to large foreign portfolios
- It is the largest High Yield Green Bond in Europe for 2019
- It is the first issue of High Yield Green Bond in Greece
- On 30 January 2020, ELLAKTOR also completed an additional issue of €70 million, with interest rate at 6.375% and maturity in 2024.
Issuer
ELLAKTOR Value Plc
Amount
€670m
Issue rating
B+ (Fitch) / B- (S&P)
Tenor
5 years
Optional Redemption
5NC2
Change of Control
Investor put at 101
Ranking
Senior Notes
Guarantors
Guaranteed by ELLAKTOR S.A., AKTOR Concessions and HELECTOR
Use of Proceeds
Refinancing of certain existing indebtedness
Distribution format
Reg S / 144A
Green bond certification
Climate Bonds Initiative
Listing
The Vienna MTF (Multilateral Trading System), Berlin, Frankfurt, Munich and Stuttgart Stock Exchanges.
Governing law
New York Law
ISIN
XS2092381289 – Rule 144A
ISIN
XS2092381107 – Regulation S