Industrial and energy multinational group Mytilineos has just completed a public offering for the issuance of a common, interest bearing, bond loan, attracting a record-breaking level of participation from private investors, despite the issue’s substantial size, worth 500 million euros.

The bond loan was offered with a duration of seven years, without provision of security, and divided into as many as 500,000 dematerialized, common, bearer bonds at a nominal value of 1,000 euros each.

A total of 456,000 bonds, or 91.2 percent of the issue, were secured by private investors, and 44,000, the other 8.8 percent, were distributed to qualified investors.

Total valid demand expressed by investors who participated in the public offering amounted to 1,006.97 million euros, exceeding the issue by 2.01 times.

Commenting on the issue, market officials noted that its oversubscription and record demand level are a testament to the Mytilineos group’s established position that has risen to a level now recognized as a safe investment haven both in Greece and abroad.