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PPC: Tender Offer for the purchase of up to 150,000,000 of outstanding 5.5% Senior Notes due 2019

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Public Power Corporation S.A. wholly-owned subsidiary Public Power Corporation Finance plc announced today that it is offering to purchase for cash up to €150,000,000 in aggregate principal amount of its outstanding €500,000,000 5.5% Senior Notes due 2019 from holders of the Notes on the terms set out in the Tender Offer Memorandum dated 26 January 2018 and is subject to the offer and distribution restrictions contained in it. 

The Tender Offer will expire at 4:00 p.m., London time, on 1 February 2018 unless extended or otherwise terminated by the Offeror.

The Tender Offer is being made as part of Public Power Corporation Finance plcs liability management strategy. The Offeror does not currently expect, as a part of this strategy, to exercise its right to make any optional redemption of the Notes.

Public Power Corporation Finance plc will announce the purchase price, the acceptance amount and the proration factor, if any, for the Notes on the business day following the Expiration Date.

Payment to Noteholders of the purchase price will be made on the settlement date.
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