Greek Public Power Markets Bonds in First Sale Since 2000
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Public Power Corp SA, Greece’s largest electricity company, is returning to the bond market for the first time since 2000 as recovery takes hold in the nation that set off the euro region’s debt crisis.
PPC is raising 500 million euros ($690 million) from senior notes to refinance debt, a person familiar with the matter said. Greek gaming system developer Intralot SA is also in the market, selling 250 million euros of bonds after increasing the deal from 200 million euros, according to another person.