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Apr 2014

Bernitsas Law advises on OTE Group €6.5bn Euro Medium Term Note Programme

Bernitsas Law advised Deutsche Bank, Eurobank Ergasias, Goldman Sachs International, HSBC Bank, Merrill Lynch International, Morgan Stanley & Co. International and NBG International as dealers on the update of the Global Medium Term Note Programme for the issuance of up to €6.5bn in aggregate principal amount of notes by OTE plc, guaranteed by the Hellenic Telecommunications Organisation SA (OTE).

The OTE group is Greece’s largest telecommunications provider and operates through subsidiaries in South Eastern Europe. OTE is listed on the Athens Exchange. Deutsche Telekom owns 40% of OTE’s share capital with the Greek State and the Hellenic Republic Asset Development Fund holding 5% each.

The Bernitsas Law team was led by Nikos Papachristopoulos.