Lamda Development began public offer for 320-million-euro bond

Lamda Development SA on Wednesday launched a public offer to complete a 320-million-euro bond issuance, with the process ending on Friday, 17 July.

The company will issue 320,000 common anonymous bonds at a minimum price of 1,000 euros. The proceeds from the seven-year bond will be used to fund the project in Hellinikon and other smaller projects of the company, while part of the money will be used to refinance part of the group’s debt. The yield range of the issue was set at 3.40%-3.80%.