OTE issues €350M bond, fully bought by parent Deutsche Telekom
What's the deal? Hellenic Telecommunications Organization S.A.Dealroom has a profile for this one. Try Dealroom → (OTE SA) has issued a €350 million bond loan due September 2029, fully subscribed by parent Deutsche Telekom AG. The yield was set at 3.853% per annum.
Why now? OTE will use the proceeds to refinance part of a €500 million bond maturing on September 24, 2026, issued by OTE plcDealroom has a profile for this one. Try Dealroom → under the Global Medium Term Note Programme.
The scale: At roughly $401 million, the raise sits well below the typical debt deal — in the 27th percentile by amount, reflecting its targeted, refinancing purpose rather than fresh growth capital.
What's the endgame? By having Deutsche Telekom take the entire bond, OTE keeps the financing in-house. The move rolls forward maturing debt while locking in a fixed rate for three years.
The signal: The arrangement underscores how tightly OTE remains bound to its German parent, which handles the group's refinancing directly. For OTE, in-house funding sidesteps public bond markets and the pricing they demand — a straightforward liability-management step rather than a bid for expansion.
Read more: investegate.co.uk
Image credit: Ronnie Garcia
