Author: Luka Dimitrov
2021/03/17 LONDON (ICIS) The European Bank for Reconstruction and Development (EBRD) could invest in future Sustainability-Linked Bonds (SLBs) issued by utilities in southeast Europe, a source within the bank told ICIS on 17 March. On 11 March the EBRD invested €50m in a five-year SLB issued by state-owned Greek supplier the Public Power Corporation (PPC). PPC said it will use part of the proceeds to fund renewable projects as the company looks to reduce its dependency on coal-fired generation. It was the first SLB issuance in the region covered by the EBRD. George Gkiaouris, EBRD regional head, said this sent a signal that access to the bank’s fin
EU probes Greece s largest power producer s behavior in wholesale market neweurope.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neweurope.eu Daily Mail and Mail on Sunday newspapers.
Public Power Corporation S.A. Announces the successful pricing of its debut Sustainability-Linked Senior Notes due 2026 March 13, 2021 10:19 IST | Business Wire
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES
Public Power Corporation S.A. (“PPC”) announces today the successful pricing of its inaugural international offering (the “Offering”) of € 650 million sustainability-linked senior notes due 2026 (the “Sustainability-Linked Notes” or “Notes”) at a coupon price of 3.875% and an issue price of 100%. The Notes will be issued pursuant to Article 59, paragraph 2 and Article 74 of Greek law 4548/2018 and Article 14 of Greek law 3156/2003 and will be governed by New York law. The proceeds from the Offering will be used to repay existing de
With a total issuance volume of €650 million, the issue will help improve PPC’s access to finance by diversifying its financing sources to a new environmental, social and governance (ESG)-focused investor base.