Commentary & Deal Flow

Motor Oil (Hellas) Corinth Refineries SA (MOHGA) EUR400m (up from EUR350m) Reg S sr notes due 2026 (5y). NCL (MWC B+50bp) (6mo par call). Via Citi (B&D) gloco/Alpha bank/Eurobank/GS/HSBC/ING/JPM/NBG/Nomura/Optima/Piraeus Bank jt books. List Dublin. NY law. Settlement 07/19 (T+7). IPT: 2.50%-2.75%. Px talk: 2.25%-2.50%.

Final size/yield: EUR 400m at 2.25%.

Roadshow (1x1s) 07/05-07. Books closed at 1pm UKT today. Pricing today UK afternoon. UOP: to redeem Motor Oil Finance Plc (a wholly owned subsidiary of the Company) EUR350m 3.250% sr notes due 04/01/22 (callable at 100) (EUR50m upsize for GCP). Biz: oil refining and marketing. HQ: Athens, Greece.