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Koutalidis Advises Mandated Lead Arrangers and Issuance Advisors on Lamda Development Bond Issuance

Koutalidis Advises Mandated Lead Arrangers and Issuance Advisors on Lamda Development Bond Issuance

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Koutalidis has advised mandated lead arrangers Bank of Greece, Alpha Bank, Eurobank, Piraeus Bank, and Euroxx Securities, and issuance advisors Eurobank and Piraeus Bank, on Lamda Development S.A.'s issuance of a EUR 320 million bond and it admission to trading on the Athens Exchange.

The yield range of the issue was set between 3.4%-3.8%. According to Koutalidis, "this bond issue is one of the largest bonds’ public offerings that has taken place in Greece over the last years. Part of the proceeds of the bond loan will be used to finance the development of the landmark project at Athens’ former Hellinikon airport, which includes all the land area of the old Athens airport and the coast front, totaling 6.2 million square miles, and which [will] constitute the largest urban regeneration investment ever in Greece."

Koutalidis did not reply to our inquiry on the matter.