BUSINESS

Terna Energy to issue 60-mln-euro bond

TAGS: Business, Energy

Terna Energy SA announced on Monday it will cooperate with the European Bank of Reconstruction and Development (EBRD) and Piraeus Bank for issuance of a 60-million-euro bond.

The bond will be covered by 50 million euros from EBRD and by 10 million euros from Piraeus Bank.

It will be used to finance part of Terna Energy’s investment program for the development of facilities for renewable energy sources in Greece.

[Reuters]

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