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PPC sustainability linked bond

Sector: Power Generation (CCGT) • Location: Greece

Source: European Bank for Reconstruction and Development (EBRD)

Project
Signed

Sustainability linked bond ("SLB") investment of EUR 75.5 million in Public Power Corporation S.A. (the "Company" or "PPC"), the Greek state-owned energy utility. The Bank invested EUR 50 million in the first issuance in March 2021, accounting for 8% of the total issuance of EUR 650 million. The Second issuance took place in July 2021 whereby the Bank invested EUR 25.5 million, accounting for 5% o

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The project “PPC sustainability linked bond” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Greece. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Original status

signed

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Description

Description

Sustainability linked bond ("SLB") investment of EUR 75.5 million in Public Power Corporation S.A. (the "Company" or "PPC"), the Greek state-owned energy utility. The Bank invested EUR 50 million in the first issuance in March 2021, accounting for 8% of the total issuance of EUR 650 million. The Second issuance took place in July 2021 whereby the Bank invested EUR 25.5 million, accounting for 5% of the total issuance of EUR 500 million. Both SLBs will be listed in the Irish Stock Exchange. The SLBs will comply with the International Capital Markets Association's Sustainability-Linked Bond Principles and this compliance is confirmed by an independent second-party opinion.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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