The exchangeable bond launched by the Greek government into Hellenic Telecommunications Organisation (OTE) increased in size from €750m ($643m) to €900m due to strong investor demand.

Credit Suisse First Boston, Schroder Salomon Smith Barney and UBS Warburg were joint global co-ordinators and bookunners on the bond. The banks have a greenshoe of €100m allowing them to sell more paper if there is additional demand. If the greenshoe is exercised, the bond will increase to €1bn.