The Hellenic Petroleum on Thursday announced it would issue a bond. Following the successful 400 mln dollars bond issuance in May 2014, the Hellenic Petroleum Finance PLC, a subsidiary of the Company, mandated Barclays Bank PLC and Credit Suisse Securities (Europe) Limited as Global Coordinators and Alpha Bank A.E., Citigroup Global Markets Limited, Deutsche Bank AG London Branch, Eurobank Ergasias S.A., NBG Securities S.A. and Piraeus Bank S.A. as Joint Lead Managers to arrange the issue of a five-year Eurobond.

The Issue will be guaranteed by Hellenic Petroleum and the noteswill be listed on the Luxemburg Stock Exchange while the size and coupon of the Issue will be determined upon pricing of the transaction.

The proceeds of the Issue will be used to refinance existing facilities, aiming at reducing funding cost and improve the debt maturity profile of the Company.