Pursuant to Article 2, paragraph 13 of Decision #3/347/12.07.2005 of the Board of Directors of the Capital Markets Commission, J&P-AVAX SA announces the issue of a Euro 150 million bond to refinance existing bank debt on more favourable terms to the Company.
The bond loan has a 7-year tenor and was issued through the Bank of Cyprus, National Bank of Greece, and EFG Eurobank.