Euro 150 million bilateral term loan with the European Investment Bank (EIB)
On July 10, 2017 Cosmote signed, with the guarantee of OTE, a Euro 150 million bilateral term loan with EIB. The EIB loan was fully drawn on January 23, 2018, has a tenor of 7 years with semi-annual repayment schedule and bears fixed interest rate of 2.805% p.a.
Up to March 31, 2021, Cosmote had repaid in total Euro 57.7 million, under the EIB loan. As a result, as of March 31, 2021, the nominal amount of the EIB loan was Euro 92.3 million.
Euro 200 million Revolving Credit Facility with National Bank of Greece and Alpha Bank
On July 24, 2020 OTE S.A. signed a Bond Loan Agreement, in the form of committed Revolving Credit Facility of Euro 200 million in total and a tenor of 2 years, with the syndication of National Bank of Greece and Alpha Bank SA.
As of March 31, 2021 the Facility was not drawn.
Financial Covenants
The above Bank Loans include two financial covenants tested on a semi-annual basis at Group level, namely:
