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Zepos & Yannopoulos Advises PPC on EUR 500 Million Offering

Zepos & Yannopoulos Advises PPC on EUR 500 Million Offering

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Zepos & Yannopoulos has advised PPC S.A. on its international offering of EUR 500 million 3.375% sustainability-linked senior notes due 2028.

According to Zepos & Yannopoulos, Public Power Corporation is the largest generator and supplier of electricity in Greece. "The notes are linked to enhanced sustainability goals – PPC aims to 57% CO2 emissions reduction by 2023 – and promote PPC’s constant efforts for the improvement of its economic, environmental, and social impact. PPC intends to have the notes listed on the official list of Euronext Dublin and admitted to trading on the Global Exchange Market thereof, or on another appropriate trading venue in the European Union."

Goldman Sachs Bank Europe SE and HSBC Continental Europe S.A. were joint global coordinators and physical bookrunners, Citigroup Global Markets Europe AG was joint global coordinator and joint bookrunner and Alpha Bank S.A., Ambrosia Capital Ltd, AXIA Ventures Group Limited, Credit Suisse Securities, Sociedad de Valores, S.A., Eurobank S.A., J.P. Morgan AG, National Bank of Greece S.A., and Piraeus Bank S.A. were joint bookrunners. HSBC Continental Europe S.A. was also involved, in the capacity of the sustainability-linked bond structuring advisor.

The firm also advised on PPC's offering of EUR 650 million 3.875% sustainability-linked senior notes due 2026 (as reported by CEE Legal Matters on March 18, 2021).

Zepos & Yannopoulos’s team included Partners Christina Papanikolopoulou, Kely Pesketzi, Elena Papachristou, Sofia Chatzigiannidou, Maria Zoupa, and Daphne Cozonis, Senior Associates Efthymis Naoumis, Nikos Koukos, Smaragda Spyrou, and Ioanna Tapeinou, and Associate Vivian Efthymiou.

Zepos & Yannopoulos stated it is not able to disclose the banks' counsel.

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