September 18, 2019 / 7:18 AM / 3 months ago

OTE Telecom issues seven-year note, coupon set at 0.875%

ATHENS, Sept 18 (Reuters) - Greece’s biggest telecoms operator OTE tapped debt markets with a 7-year bond at an annual fixed coupon of 0.875%, it said on Wednesday.

OTE, which is 45% owned and managed by Germany’s Deutsche Telekom, raised 500 million euros. Deutsche Telekom bought 20% of the issue, which was strongly oversubscribed.

BNP Paribas and Goldman Sachs International were the lead managers of the deal. (Reporting by Angeliki Koutantou)

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