Euronext Athens today welcomed the management team, executives, and partners of LAMDA Development to mark the commencement of trading of the company’s new bond issue. The company’s Chief Executive Officer, Odysseas Athanasiou, officially opened today’s trading session.
“This is the fourth bond issue launched by LAMDA Development in the Greek market since July 2020, through which the company has raised a total of €1.4 billion. This achievement clearly demonstrates LAMDA Development’s confidence in the ability of the domestic corporate bond market to support the financing of projects at The Ellinikon, as well as the company’s capacity to attract funding from a broad and high-quality base of domestic and international investors, consistently achieving strong oversubscription levels,” said Nikos Koskoletos, Chief Financial and Issuer Relations Officer of Euronext Athens.
Odysseas Athanasiou, CEO of LAMDA Development, stated: “For the fourth time in the past six years, the investment community has demonstrated its confidence in LAMDA Development. This confidence was once again reflected in the strong oversubscription of the fourth bond issued by our Group. We would like to extend our sincere thanks to all investors, particularly retail investors, whose record level of participation underscores their support for our entire portfolio of activities, including our shopping malls, marinas, and, of course, Europe’s largest urban regeneration project, The Ellinikon.”
Finally, Vasiliki Lazarakou, Chair of the Hellenic Capital Market Commission, congratulated Mr. Athanasiou, LAMDA’s management team, and everyone who contributed to the successful completion of the bond issue. She commented: “The commencement of trading of LAMDA Development’s bond represents a positive development on two fronts: firstly, for the Greek capital market, which continues to fulfil its role in supporting economic growth, and secondly, because it provides further support for one of the most significant investment projects currently underway in Greece. As the Hellenic Capital Market Commission, we remain committed to supporting initiatives that strengthen entrepreneurship and contribute to the growth of the Greek economy.”
