OTE PLC, guaranteed by Hellenic Telecommunications Organization S.A. (rated A- Stable/BAA1 Stable), has mandated Citigroup, Credit Suisse First Boston, Deutsche Bank, Morgan Stanley and National Bank of Greece as joint Bookrunners for its forthcoming benchmark Euro issue.

The issue will bedocumented off the company's MTN programme. Subject to market conditions,launch will follow a roadshow commencing shortly.