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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  Hellenic Petroleum SA    ELPE   GRS298343005

HELLENIC PETROLEUM SA

(ELPE)
  Report  
Real-time Quote. Real-time Tradegate - 11/20 07:48:51 am
8.59 EUR   -0.23%
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Hellenic Petroleum : Finance tender offer to holders of its outstanding Notes due October 2021

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09/23/2019 | 04:22am EST

Hellenic Petroleum S.A. announces that its wholly owned subsidiary, Hellenic Petroleum Finance PLC (the 'Company'), announced today to the Luxembourg Stock Exchange an invitation to holders of its outstanding €449,530,000 4.875 per cent Notes due 14 October 2021 (the 'Notes'), guaranteed by Hellenic Petroleum S.A., to tender such Notes for purchase by the Company for cash (the 'Offer').

According to the Offer, the Company will pay a cash purchase price equal to €1,092.5 per €1,000 in principal amount of the Notes validly tendered and accepted for purchase pursuant to the Offer plus any accrued and unpaid interest in respect of the Notes up to but not including the Settlement Date, which shall be on or around 3 October 2019. The Offer is also being made on the additional terms and subject to the conditions contained in the Tender Offer Memorandum dated 23 September, which will be available to eligible holders of the Notes. The purchase of any Notes by the Company is at the sole discretion of the Company and the Guarantor and subject to the successful pricing of the issue of new fixed rate notes (the 'New Notes'), which the Company intends to proceed with and which will be guaranteed by Hellenic Petroleum S.A.. With regard to the Company's intention to issue New Notes, a separate announcement will follow.

Alpha Bank A.E., Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited, Eurobank Ergasias S.A., Goldman Sachs International, National Bank of Greece S.A., Nomura International plc and Piraeus Bank S.A. will act as Dealer Managers and Lucid Issuer Services Limited as the Tender Agent.

Disclaimer

Hellenic Petroleum SA published this content on 23 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2019 08:21:06 UTC

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Financials (EUR)
Sales 2019 9 141 M
EBIT 2019 399 M
Net income 2019 243 M
Debt 2019 1 501 M
Yield 2019 5,81%
P/E ratio 2019 11,1x
P/E ratio 2020 7,07x
EV / Sales2019 0,45x
EV / Sales2020 0,41x
Capitalization 2 632 M
Chart HELLENIC PETROLEUM SA
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Technical analysis trends HELLENIC PETROLEUM SA
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 9,67  €
Last Close Price 8,61  €
Spread / Highest target 22,0%
Spread / Average Target 12,4%
Spread / Lowest Target 2,09%
EPS Revisions
Managers
NameTitle
Efsthathios Nikolaou Tsotsoros Executive Chairman & Chief Executive Officer
Theodoros Achilleas D. Vardas Non-Executive Director
Theodoros Nikolaou Pantalakis Non-Executive Director
Spyridon Christou Pantelias Non-Executive Director
Andreas Nikolaos Shiamishis Executive Director & Deputy CEO
Sector and Competitors