Euronext Athens welcomed the management, executives, and associates of LAMDA Development today to mark the start of trading in the company’s new bonds. LAMDA Development CEO Odysseas Athanasiou opened today’s session.
“This is the fourth issuance by LAMDA Development in the Greek market since July 2020, having raised a total of €1.4 billion.
This fact clearly demonstrates the company’s confidence in the potential of the domestic corporate bond market to finance projects at the Elliniko site, as well as its ability to raise capital from a broad and high-quality pool of domestic and international investors, with consistently high oversubscription rates,” said, among other things, Nikos Koskoletos, Executive Director of Finance & Investor Relations at Euronext Athens.
Odysseas Athanassiou, CEO of LAMDA Development, emphasized: “For the fourth time in the last six years, the investment community has demonstrated its confidence in LAMDA Development, which was evident today with the oversubscription of the fourth bond issued by our group.
Warm thanks to everyone, and especially to the retail investors who, with a record participation rate, are showing their support for all of our activities: our shopping centers, 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, and all those who contributed to the successful completion of the issuance, noting that “Today’s commencement of trading in the LAMDA Development bond is a doubly positive development: on the one hand, for the Greek capital market, which is fulfilling its developmental role, and on the other, because it strengthens one of the most significant investments currently being implemented in the country. As the Hellenic Capital Market Commission, we are always ready and willing to support any such effort that strengthens entrepreneurship and the Greek economy.”