Hellenic Petroleum €200 million revolving bond loan

Overview:

• Hellenic Petroleum, the market leader in Greek petroleum market, has secured a €200 million revolving facility from the National Bank of Greece.
• The financing was provided in the form of a revolving facility that may be utilised by way of bonds issued by Hellenic Petroleum. A put and call option over the bonds was embedded in the facility to allow for it to be utilised on a revolving basis by Hellenic Petroleum.
• National Bank of Greece was the arranger and the initial bondholder in this transaction.

Wai Yee Tsang - Journalist