Following certain press reports published during the last days and an inquiry by the Hellenic Capital Markets Commission dated 18/9/2019, referring to the issue of a new bond by HELLENIC PETROLEUM S.A. (the 'Company'), we would like to inform investors as follows:
The Company, as part of its financial planning, is considering all alternatives for its capital structure optimisation. In the first half 2019 financial results 'announcement, dated 29/8/ 2019, the Company informed investors, among others, that it considers issuing a new bond in 2019, subject to market conditions.
The Company monitors closely the prevailing conditions of the international capital markets and is preparing for an issue of a new Eurobond aiming to refinance its existing financial indebtedness, including possible purchase of the outstanding Eurobond due 14 October 2021 through a public tender, as well as to improve the Group's liquidity. At this stage, no regulatory approval and/or final decision to proceed with a specific transaction has been taken. Once such approval is obtained and a final corporate decision is reached resulting in a notification obligation, in line with statutory framework, an immediate and due notification to the investors will follow.
Hellenic Petroleum SA published this content on 19 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2019 11:46:06 UTC