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Public Power Corp., JP Morgan amend terms in overdue bills securitisation

Public Power Corp., JP Morgan amend terms in overdue bills securitisation
Public Power Corp., JP Morgan amend terms in overdue bills securitisation Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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ATHENS - Public Power Corp. (PPC), Greece's biggest power utility, have agreed to amend terms in a deal for the securitisation of overdue bills up to two months, it said late on Wednesday.

The amendment aimed to increase the senior commitment amount to 300 million euros ($313.26 million) from 200 million, reduce interest payments and extend the maturity date to June 2025, the company said.

($1 = 0.9577 euros)

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