Our firm acted as Greek legal advisor to the initial purchasers and arrangers in the offering of the EUR 650 million, first euro high-yield sustainability-linked bond (SLB) of the Public Power Corporation S.A. (PPC S.A.). The SLB has a five-year duration (expires in 2026) and is linked to the goal of reducing CO2 emissions. This complex transaction, including the first direct issue of a corporate bond by a Greek company in the international capital markets, marks a milestone. PPC S.A. is the state-owned leading power company in Greece, engaged in the production, distribution and supply of electricity to consumers.