ECONOMY

OTE 4-year bond to price at yield of 4.625 pct

ote-4-year-bond-to-price-at-yield-of-4-625-pct

OTE telecom will price a 300- to 350-million-euro four-year bond at a yield of 4.625 percent, according to a source.

The source also said orders are over 550 million euros, with strong domestic investor participation.

OTE began marketing the deal in the 4.75 percent area on Tuesday morning, after mandating Citigroup, Deutsche Bank and HSBC on Monday.

[IFR]