GEK TERNA sustainability linked bond
Sector: Manufacturing (Industrial) • Location: Greece
Source: European Bank for Reconstruction and Development (EBRD)
The EBRD invested EUR 25 million in the EUR 300 million 7-year senior unsecured Sustainability Linked Bond issued by GEK TERNA S.A. The transaction comes under the Greek Corporate Bonds Framework (GCBF) III and represents the first Sustainability Linked Bond to be listed on the Athens Stock Exchange. The total proceeds of the new bonds will finance business activities in infrastructure, energy, in
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | signed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The EBRD invested EUR 25 million in the EUR 300 million 7-year senior unsecured Sustainability Linked Bond issued by GEK TERNA S.A. The transaction comes under the Greek Corporate Bonds Framework (GCBF) III and represents the first Sustainability Linked Bond to be listed on the Athens Stock Exchange. The total proceeds of the new bonds will finance business activities in infrastructure, energy, industrial and real estate sectors, refinance existing and future indebtedness, and finance working capital needs. The proceeds of the EBRD participation will be used exclusively for refinancing and working capital needs. The bond includes a sustainability feature with a target to reduce the Group's CO2 intensity by 25% by 2025 compared to 2021. Not meeting this target would lead to an 0.20% increase in its coupon. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |