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Terna Energy plans a €60M bond issue

12 July 17 - RE+D Magazine
Terna Energy plans a €60M bond issue

COMPANIES

ETAD.A.E.

Public entity - GREECE

Eurobank Property Services

Consultant - GREECE

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

PEOPLE

Dimitris Andritsos

CEO of Eurobank Property Services S.A Eurobank Property Services
Terna Energy plans to issue a common bond loan worth up to 60 million euros. The company, the largest renewable energy source supplier in Greece with established activities in Southeastern Europe and the United States, will issue 60,000 bonds worth 1,000 euros each.

 

The Capital Market Commission is expected to approve the bond issue plan in its meeting on Wednesday, 12 July. The public offer for the bond will last three working days, from Monday 17 July until and Wednesday 19 July. The yield range will be announced on Friday 14 July.

This so-called green bond will be used to fund the company's investment program in green economy and in particular renewable energy source projects in Greece and the United States and environmental projects (waste management).

Terna Energy has invested more than 600 million euros in the five-year period of 2012-2016 and plans additional investments of around 500 million in the 2017-2019 period.

The company plans to surpass the barrier of 1GW power by early 2018. The company has established power of 738 MW of which 468 MW in Greece, 138 MW in the US, 102 MW in Poland and 30 MW in Bulgaria.

Terna Energy is expected to sign waste management contracts in Epirus and the Peloponese.

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