PPC successfully issues new 7-year bond raising 600 million euros

PPC has successfully completed the issuance of a new 7-year bond on Wednesday, attracting four times the initial target with an interest rate of 4.625%. The total amount raised reached 600 million euros, surpassing the original goal of 500 million euros, with investor bids totaling 2 billion euros.

The majority of investors in the PPC bond are foreign, primarily long-term investors. The funds will be directed towards investments by PPC and its subsidiaries as part of the group’s development business plan, which includes 9 billion euros in investments over the next three years, primarily focused on renewable energy sources, network upgrades, and new initiatives.

Management aims for the PPC Group to achieve EBITDA of 3 billion euros from various activities to ensure resilience against any crises and to fulfill its vital role in the countries where it operates.