The Greek government has launched a €750m ($6431m) exchangeable bond into Hellenic Telecommunications Organisation (OTE) which will free up the telecoms firm from state control.
Credit Suisse First Boston, Schroder Salomon Smith Barney and UBS Warburg are joint global co-ordinators and bookunners on the bond. This is an unusual number of heavyweight banks to raise €750m. One senior banker on the deal said: "It is a government issue so they are trying to keep a bunch of banks happy."
