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    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 EDT

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 2021 4 712 M 5 588 M 5 588 M
Net income 2021 110 M 130 M 130 M
Net Debt 2021 3 287 M 3 898 M 3 898 M
P/E ratio 2021 23,3x
Yield 2021 -
Capitalization 2 134 M 2 530 M 2 531 M
EV / Sales 2021 1,15x
EV / Sales 2022 1,26x
Nbr of Employees 13 327
Free-Float 39,0%
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Technical analysis trends PUBLIC POWER CORPORATION S.A.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 12,08 €
Last Close Price 9,20 €
Spread / Highest target 64,1%
Spread / Average Target 31,3%
Spread / Lowest Target 0,00%
EPS Revisions
Managers and Directors
NameTitle
Georgios Stassis Chairman & Chief Executive Officer
Alexandridis Konstantinos Chief Financial Officer
George Venieris Independent Non-Executive Director
Despina Doxaki Independent Non-Executive Director
Stephanos Theodoridis Independent Non-Executive Director
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