Public Power Corp., JP Morgan amend terms in overdue bills securitisation

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A JPMorgan logo is seen in New York City, U.S., January 10, 2017. REUTERS/Stephanie Keith

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ATHENS, June 30 (Reuters) - Public Power Corp. (PPC) (DEHr.AT), Greece's biggest power utility, have agreed to amend terms in a deal for the securitisation of overdue bills up to two months, it said late on Wednesday.

The amendment aimed to increase the senior commitment amount to 300 million euros ($313.26 million) from 200 million, reduce interest payments and extend the maturity date to June 2025, the company said.

($1 = 0.9577 euros)

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Reporting by Angeliki Koutantou; editing by Jason Neely

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