Greece-based copper and aluminum maker ElvalHalcor on Friday received approval by the board of the Hellenic Capital Market Commission for the issuance two common bonds loans.
The first amounts to 140 million euros in a loan contract with all four systemic banks in Greece (National Bank {NBG}, Piraeus Bank, Alpha Bank and Eurobank).
Eurobank will act as the representative of bondholders. Of the figure, 88 million euros will used for refinancing of an existing bond loan and 52 million euros for general business purposes.
This loan has duration (maturity) of seven and a half years.
The second loan amounts to 130 million euros, again with all four systemic banks, and with NBG acting as the representative of bondholders. Out of this sum, 102 million euros will be used for the refinancing of an existing bond loan and 28 million euros for general business purposes.
This loan also has duration (maturity) of seven and a half years
