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

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)