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

By:

Published: Jun 30, 2022, 07:51 UTC

ATHENS (Reuters) - Public Power Corp. (PPC), 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.

ATHENS (Reuters) – Public Power Corp. (PPC), 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)

(Reporting by Angeliki Koutantou; editing by Jason Neely)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: