News July 23 , 2020

Koutalidis Law Firm advises the Mandated Lead Arrangers and the issuance advisors in respect of the Euro320mil. bond loan of Lamda Development S.A.

Our firm advised the Mandated Lead Arrangers (the four Greek Systemic Banks and Euroxx Securities) and the issuance advisors (Eurobank and Piraeus Bank) in respect of the Euro320mil. bond loan of Lamda Development S.A. through a public offering and admitted to trading on the Athens Exchange

This bond issue is one of the largest bonds’ public offerings that has taken place in Greece over the last years (in terms of the amount raised). Part of the proceeds of the bond loan will be used to finance the development of the landmark project at Athens’ former Hellinikon airport, which includes all the land area of the old Athens airport and the coast front, totaling 6.2 mil sq.m. and which shall constitute the largest urban regeneration investment ever in Greece.

As per the Company, the Hellinikon project is the largest urban development project in Europe and will have significant impact in the Greek economy, entrepreneurship and local communities, given that it will create, among others, thousands of new job opportunities, one of the largest parks in the world, landmark buildings, and become a world-class destination, with multiple benefits for the country and its citizens.