17th Nov 2006 10:46
Hellenic Telecomms Organization S A17 November 2006 Announcement OTE Announces the Results of its Eur 1.5 Billion Bond Issue Athens, November 15, 2006- Hellenic Telecommunications Organization SA (ASE:HTO, NYSE: OTE), the Greek full-service telecommunications provider, todayannounced that its 100% owned subsidiary, OTE plc, has successfully completedthe bookbuilding process for its proposed issues of a 9.5 year Fixed Rate Noteof Euro 900 million and a 3 year Floating Rate Note in the amount of Euro 600million, and that both tranches were priced yesterday. The Fixed Rate Note waspriced at 99.20% and will pay an annual coupon of 4.625%, while the FloatingRate Note will pay interest quarterly based on Euribor plus a spread of 28 bps. The proceeds from the issues of the bonds are expected to be used for therefinancing of the Euro 1.5 billion bridge facility of Cosmote SA, which wassigned in August 2006 for the acquisition of Germanos SA and for generalcorporate purposes. Both tranches of the bonds will be issued by OTE plc and will be fully andunconditionally guaranteed by Hellenic Telecommunications Organization S.A.under its Euro 5 billion Global Medium Term Note Programme. An application hasbeen made for the bonds in each tranche to be listed on the Luxembourg StockExchange. Settlement is expected to occur on or about November 21, 2006. Citigroup, Dresdner Kleinwort, JP Morgan and NBGI acted as joint bookrunners. This document and the information contained herein shall not be distributed inthe United States, Canada, Australia or Japan. This document is not an offer of securities for sale in the United States. Anysecurities may not be offered or sold in the United States absent registrationor an exemption from registration under the U.S. Securities Act of 1933, asamended. The company does not intend to register any offering or conduct anypublic offering in the United States and no offering of the securities describedherein will be made by the company or any other person in the United States. The information contained herein may be distributed in the United Kingdom onlyto persons in a business which involves the dissemination through publication ofinformation concerning controlled activities. The distribution of this document and the offering of the securities referred toherein are also subject to restrictions in other jurisdictions.About OTE OTE Group is Greece's leading telecommunications organization and one of thepre-eminent players in South-eastern Europe, providing top-quality products andservices to its customers. Apart from serving as a full service telecommunications group in the Greektelecoms market, OTE Group has also expanded during the last decade itsgeographical footprint throughout South East Europe, acquiring stakes in theincumbent telecommunications companies of Romania and Serbia, and establishingmobile operations in Albania, Bulgaria, the Former Yugoslav Republic ofMacedonia and Romania. At present, companies in which OTE Group has an equityinterest employ over 30,000 people in six countries, and our portfolio ofsolutions ranges from fixed and mobile telephony to Internet applications,satellite, maritime communications and consultancy services. Listed on the Athens Stock Exchange, the company trades under the ticker HTO aswell as on the New York Stock Exchange under the ticker OTE. In the U.S., OTE'sAmerican Depository Receipts (ADR's) represents 1/2 ordinary share.Additional Information is also available on http://www.ote.gr. Contacts: OTE: Dimitris Tzelepis - Head of Investor Relations Tel: +30 210 611 1574, Email: [email protected] Nektarios Papagiannakopoulos-Senior Financial Analyst, Investor Relations Tel: +30 210 611 7593, Email: [email protected] Daria Kozanoglou - Communications Officer, Investor Relations Tel: +30 210 611 1121, Email: [email protected] Marilee Diamanti - IR Coordinator Tel: +30 210 611 5070, Email: [email protected] Christina Hadjigeorgiou - Financial Analyst Tel: +30 210 611 1428, Email: [email protected] Forward-looking statement Any statements contained in this document that are not historical facts areforward-looking statements as defined in the U.S. Private Securities LitigationReform Act of 1995. All forward-looking statements are subject to various risksand uncertainties that could cause actual results to differ materially fromexpectations. The factors that could affect the Company's future financialresults are discussed more fully in the Company's filings with the U.S.Securities and Exchange Commission (the "SEC"), including the Company's AnnualReport on Form 20-F for 2005 filed with the SEC on June 29, 2006. OTE assumes noobligation to update information in this release. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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