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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  Public Power Corporation S.A.    PPC   GRS434003000

PUBLIC POWER CORPORATION S.A.

(PPC)
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Public Power S A : Information to investors community

07/23/2020 | 03:55am EST

Announcement

Following a question by the Hellenic Capital Market Commission, regarding articles in both daily and electronic press for securitization of receivables, PPC S.A. announces that, on 22.7.2020, the Board of Directors approved, in principle, the basic terms of the securitization transaction for overdue receivables over 90 days. The amount of the transaction will range from € 300 m to € 350 m. with interest rate 6.8% and eligible receivables are estimated at € 1.7 bln. Arranger of the transaction is Deutsche Bank, with PIMCO as investor. The group of participating investors will be finalized at the financial close.

This approval follows the recent approval of the basic terms for the securitization transaction for receivables up to 60 days, with the transaction amount ranging from € 200 m to € 250 m., interest rate 3.5% and eligible receivables estimated at € 260 m. Arranger of the transaction is Finacity with JP Morgan as investor.

It is noted that the project for securitization of receivables started in November 2017.

PPC will proceed to an announcement after the finalization of the contractual documents and the financial close of the transaction.

Athens, July 23, 2020

Disclaimer

Public Power Corporation SA published this content on 23 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2020 07:55:13 UTC


© Publicnow 2020
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Financials
Sales 2020 4 693 M 5 614 M 5 614 M
Net income 2020 27,3 M 32,6 M 32,6 M
Net Debt 2020 3 661 M 4 379 M 4 379 M
P/E ratio 2020 38,0x
Yield 2020 -
Capitalization 1 588 M 1 899 M 1 899 M
EV / Sales 2020 1,12x
EV / Sales 2021 1,16x
Nbr of Employees 14 678
Free-Float 39,0%
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Technical analysis trends PUBLIC POWER CORPORATION S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 5,44 €
Last Close Price 6,85 €
Spread / Highest target 6,65%
Spread / Average Target -20,5%
Spread / Lowest Target -55,1%
EPS Revisions
Managers
NameTitle
Georgios Stassis Chairman & Chief Executive Officer
Alexandridis Konstantinos Chief Financial Officer
Pantelis Karaleftheris Non-Executive Director
Nikolaos Fotopoulos Non-Executive Director
George Venieris Independent Non-Executive Director
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