Commentary & Deal Flow

GEK TERNA S.A. (Ticker: GEKTER), rated Baa3 (stable) and BBB- (stable) by Moody’s and S&P, the vertically integrated leading infrastructure group in Greece, owning and operating critical concessions in the country, has mandated BNP Paribas S.A., J.P. Morgan S.E. and Mediobanca – Banca di Credito Finanziario S.p.A as Joint Global Coordinators and Joint Bookrunners along with Axia, Deutsche Bank, Eurobank S.A., Goldman Sachs Bank Europe SE, HSBC, Morgan Stanley, National Bank of Greece, Piraeus Bank S.A. and Optima bank S.A. as Joint Bookrunners to arrange a series of fixed income investor calls starting on 19-Oct-26. Mediobanca is coordinating logistics.

An expected debut €500m (WNG) Reg S, bearer, fixed-rate, senior unsecured 7yr bond offering will follow, subject to market conditions. The notes, if issued, will be offered under the newly established Company’s EMTN Programme Base Prospectus dated 14-Oct-26, are expected to be rated Baa3 by Moody’s and BBB- by S&P and will be listed on the Luxembourg Stock Exchange. The net proceeds of the issue of the Notes will be used for general corporate purposes.

DealRoadshow Information:
URL: https://dealroadshow.finsight.com
Entry Code: PJTPOLIS26
Direct Link: https://dealroadshow.finsight.com/e/PJTPOLIS26

Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels) and retail clients (as defined in MiFID II) that are in a financial situation to be able to bear a loss of their entire investment in the Notes. No EU PRIIPs key information document (KID) or disclosure document required by the FCA Product Disclosure Sourcebook (DISC) has been prepared as the Notes do not fall within the scope of the PRIIPs Regulation.