Allen & Overy advisement in structuring Athens Urban Transport Organisation's €320 million bonds succeeded in creating the first issue under Greek Law 3156. The 4.851% bonds, due in 2016, are admitted for trading in the Electronic Secondary Market for Securities operated by the Bank of Greece and provide access to the Eurobond market in Greece. They were structured to allow Greek bond issuers to target a wider investor based in Greece and Europe with a reduced cost of funding.
September 24 2008