Koutalidis has advised Alpha Bank and Eurobank on the issuance of the up to EUR 300 million syndicated common bond loan by the Public Power Corporation.
According to the firm, the common bond loan is in the form of a revolving credit facility, for the financing of PPC's general business needs. The term of the bond loan will be three years, with an extension option for another two years.
Alpha Bank acted as underwriter, initial mandated lead arranger, bondholder agent, paying agent, and initial bondholder, with Eurobank acting as mandated lead arranger and initial bondholder. The bond loan includes sustainability-linked KPI relating to the reduction of CO2 emissions by 40% by December 2022 (vs. 2019).
The firm did not respond to our inquiry on the matter.