GEK TERNA SOCIETE ANONYME HOLDINGS REAL ESTATE CONSTRUCTIONS, in accordance with Law 3556/2007 and Regulation (EU) 596/2014, announced that the Board of Directors of the Company, during its meeting on November 29 2021, has resolved on the issuance of a common sustainability-linked bond loan, amounting up to €300,000,000, with a minimum amount of €200,000,000, with a duration of seven years.
The Bond Loan will be issued based on the Sustainability-Linked Bond Framework of the Company, which was approved and adopted by the Board of Directors of the Company during the above meeting and will be available on the Company's website: www.gekterna.com, and will provide the increase of the interest rate of the Bond Loan by 0.20% in the event of failure by the Company to achieve the Sustainability Performance Target, as determined in the Framework, and in the event of failure by the Company to properly publish, and verify through a certified external reviewer, the information that the Company should disclosed based on the Framework.
Further information on the Company, the terms of the Bond Loan and the Public Offering will be included in the Bond Loan Programme and in the Prospectus drafted.
The investors will be informed with a further announcement regarding the approval of the Prospectus by the Hellenic Capital Market Commission and its availability to the public.
The timetable of the issuance of the Bond Loan and the Public Offering of the Bonds will be determined in the near future, depending on the conditions prevailing in the stock markets.
