PPC successfully completed the issuance of a new 7-year bond on Wednesday, attracting four times the initial target with an interest rate of 4.625%,
The total amount raised reached 600 million euros, surpassing the original goal of 500 million euros, with investor bids totaling 2 billion euros.
The majority of investors in the PPC bond are foreign, primarily long-term investors. The funds will be directed towards investments by PPC and its subsidiaries as part of the group’s development business plan, which includes 9 billion euros in investments over the next three years, primarily focused on renewable energy sources, network upgrades, and new initiatives.
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