Hellenic Petroleum Selling Debut Bond as Frigoglass Hires Banks
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Hellenic Petroleum SA increased the size of its debut bond while Greek refrigerator equipment supplier Frigoglass SA is also planning its first note sale, as investors seeking riskier assets boost demand for securities from Europe’s most indebted nation.
Greece’s largest refiner is now looking to raise 500 million euros ($654 million) from four-year bonds, following an initial offering of 400 million euros, according to people familiar with the deal. Frigoglass has hired banks to arrange investor meetings and a bond sale may follow, the Athens-based company said in a statement on its website today.