OTE is planning to issue a new, five-year bond with a fixed interest rate, as part of the Global Medium Term Note program, according to an announcement from the Athens Stock Exchange.
At the same time, the OTE Group has made a proposal for the purchase of bonds maturing in August 2013 and April 2014, at 100% and 102% respectively. The total sum of bonds will be determined in the next days and based upon the outcome of the new bonds.
This proposal does not refer to, directly or indirectly, to a Greek audience. It is noted that all transactions will be made via OTE PLC, an OTE daughter company.