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May 2013

Bernitsas Law advises Hellenic Petroleum Finance on €500m Eurobond Issue

Bernitsas Law acted for Hellenic Petroleum Finance (HPF) and Hellenic Petroleum (HP) in connection with a Eurobond Issue by HPF in the amount of €500m, guaranteed by HP with Alpha Bank, Credit Suisse, Eurobank Ergasias, HSBC and NBG Securities acting as joint bookrunners and joint lead managers.

This was the first Eurobond issue for Hellenic Petroleum. The issue was oversubscribed at an interest rate lower than the initial expectations and on balanced terms. This was very positive during the financial crisis.

Hellenic Petroleum SA is listed on the Athens Exchange and the London Stock Exchange and partly owned by the Greek State. It is part of the Hellenic Petroleum group which is active in South Eastern Europe in the supply, trading and refining of petroleum and renewable energy.

The Bernitsas Law team was led by Athanasia Tsene.