April 25, 2019 / 8:40 AM / 6 months ago

Piraeus Bank, NBG underwrite loan to extend Athens airport concession

ATHENS, April 25 (Reuters) - Greece’s two largest lenders Piraeus Bank and National Bank said on Thursday they will be the exclusive joint underwriters for a bond loan facility to Athens International Airport (AIA) of up to 665.6 million euros ($742 million).

Proceeds of the loan facility will partly finance a 20-year extension to manage and operate the airport until 2046.

Greece concluded the extension of a concession to operate AIA in February. The deal was part of its privatisation agenda under a post-bailout agreement between Athens and its international lenders.

Based on the deal, AIA’s operator will pay 1.115 billion euros to Greece’s privatisation agency, the Hellenic Republic Asset Development Fund.

$1 = 0.8970 euros Reporting by George Georgiopoulos; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below