There follows the text of the Terms and Conditions to which (subject to completion and amendment) the
Notes will be subject.
The Euro200,000,000 6.14 per cent. Notes due 2028 (the Notes) are issued by The Hellenic
Republic (the Republic) pursuant to (a) article 1 of law 2187/94 of the Republic, as
supplemented by article 11 of law 2628/98 of the Republic, and article 1 of Law 2628/98 of
the Republic and (b) Ministerial Decision No. 2/44514/0004 dated 7 July 1999 of the
Minister of Finance of the Republic. Payments in respect of the Notes will be made pursuant
to an Agency Agreement (the Agency Agreement) dated 14 April 2000 and made between the
Republic, Deutsche Bank AG London as fiscal and principal paying agent and agent bank (the
Agent) which expression shall include any successor agent) and the other paying agent named
therein (together with the Agent, the Paying Agents), which expression shall include any
additional or successor paying agents). The Noteholders and the Couponholders are entitled to
the benefit of a Deed of Covenant (the Deed of Covenant) dated 14 April 2000 and made by
the Republic.
1. Form, Denomination and Title
The Notes are in bearer form and in the denomination of Euro100,OOO (the Spec$ed
Denomination). The Notes are issued with interest coupons for the payment of interest
(Coupon) attached.
Subject as provided below, title to the Notes and Coupons will pass by delivery. The Republic
and any Paying Agent may deem and treat the bearer of any Note or Coupon as the absolute
owner thereof (whether or not overdue and notwithstanding any notice of ownership or
writing thereon or notice of any previous loss or theft thereof) for all purposes.
For as long as any of the Notes are represented by a global Note held on behalf of Morgan
Guaranty Trust Company of New York, Brussels office, as operator of the Euroclear System
(Euroclear) and/or Clear-stream Banking societe anonyme (Clearstream, Luxembaurg), each
person (other than Euroclear or Clearstream, Luxembourg that is for the time being shown in
the records of Euroclear or, Clearstream, Luxembourg, as the holder of a particular nominal
amount of such Notes (in which regard any certificate or other document issued by Euroclear
or Clearstream, Luxembourg as to the nominal amount of such Notes standing to the account
of any person shall be conclusive and binding for all purposes save in the case of manifest error)
shall be treated by the Republic and any Paying Agent as the holder of such nominal amount
of such Notes for all purposes other than with respect to the payment of principal or interest
on the Notes, for which purpose the bearer of the relevant global Note shall be treated by the
Republic and any Paying Agent as the holder of such Notes, for which purpose the bearer of
the relevant global Note shall be treated by the Republic and any Paying Agent as the holder
2. Status of the Notes and Negative Pledge
The Notes constitute direct, general, unconditional, unsubordinated and, subject to this
Condition, unsecured obligations of the Republic. The Notes rank pari puuu with all other
unsecured and unsubordinated obligations of the Republic outstanding on 14 April 2000 or
issued thereafter without any preference granted by the Republic to one above the other by
reason of priority of date of issue, currency of payment, or otherwise. The due and punctual
payment of the Notes and the performance of the obligations of the Republic with respect
thereto is backed by the full faith and credit of the Republic.
So long as any Note remains outstanding, the Republic shall not create or permit to subsist any
mortgage, pledge, lien or charge upon any of its present or future revenues, properties or assets
to secure any External Indebtedness, unless the Notes shall also be secured by such mortgage,
pledge, lien or charge equally and rateably with such External Indebtedness or by such other
security as may be approved by an Extraordinary Resolution of the Noteholders (as described
in Condition 10).
XS0110307930
6.14 Helenic 28 (BBML) - 14.04.2028 Price: 32.841 EUR Chg. (in%): - Volume: -
6.14 % Notes:Hellenic Republic:2000-14.4.28 (UNSUBORDINATED)
| Symbol: | Type: | Straight bond | Industry: | Länder/Zentralregierungen | |
| Valor: | 1072694 | Domicile: | Griechenland | Exchange: | Bloomberg Bonds - Bond Master List |
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