By T. Igoumenidi
[email protected]
ATHEX-listed Ellaktor, a multinational construction contractor, is reportedly considering a 500-million-euro debenture bond, as part of efforts to restructure its loan burden.
The construction company has reported long-term loan obligations of 1.238 billion euros this year, down from 1.254 billion euros at the end of 2018, according to nine-month 2019 results released on Tuesday.
Additionally, negotiations with creditors banks concluded in August 2019 with creditor banks over a refinancing of the loan portfolio held by Ellaktor, Aktor concessions and Aktor, totaling 582.6 million euros, with a relevant term sheet signed.
