Effie Papoutsi

Education
University of London, Law School (LL.M. in International Business Law, 2005)
University of Athens, Law School (LL.B., 2004)
 
Languages
Greek (Native)
English (Full proficiency)
French (Full Proficiency)

Bar membership
Member of the Athens Bar Association. Qualified to appear before the Court of Appeals.
Solicitor of England and Wales

• Advised the Joint Lead Managers of the Hellenic Republic’s issuance of €2,500,000,000, 1.875 per cent Notes due 2035, on the terms and conditions set out in the offering circular prepared by the Republic and dated 31^st January 2020. The Notes were issued in dematerialised and uncertificated form registered within the Bank of Greece System for Monitoring Transactions in Book-entry Securities established pursuant to Law 2198/1994, of the Republic and are listed on the Athens Exchange.
  According to the PDMA’s announcement, “This 15-year benchmark issue represents the bond with the longest tenor that has been issued by the Hellenic Republic since the onset of the financial crisis, in 2009. Furthermore, it constitutes the first time that the Hellenic Republic comes to the market with a new, all-new-money bond whose maturity is longer than 2032, the year when the long-term relief measures for the Greek debt are expected to expire. In this regard, the transaction demonstrates the trust of the investor community towards the Greek State and represents yet another illustration of the country’s return to “normality” in international capital markets.
  This transaction is also the first GGB syndication after the end of Hellenic Republic’s fiscal adjustment programme to be priced vs. mid-swaps, rather than yield, further highlighting Greece’s return to European government bond (“EGB”) space.”
   
• Advised the Joint Lead Managers of the Hellenic Republic’s issuance of €2,500,000,000, 1.875 per cent Notes due 2026, on the terms and conditions set out in the offering circular prepared by the Republic and dated 19^th of July, 2019. The Notes were issued in dematerialised and uncertificated form registered within the Bank of Greece System for Monitoring Transactions in Book-entry Securities established pursuant to Law 2198/1994, of the Republic and are listed on the Athens Exchange.
  According to the PDMA’s announcement, This 7-year benchmark issue, added yet another point to Greece’s yield curve, priced with the lowest yield (1.90%) and lowest coupon (1.875%) that the Hellenic Republic has ever achieved for a Euro-denominated benchmark syndication. Moreover, this transaction represents the first time that the Hellenic Republic came to market with three syndications in one year since 2010, demonstrating the normalization of Greece’s access to international capital markets.