ECONOMY

Terna Energy Finance to launch green bond tender offer Oct. 16

Terna Energy Finance to launch green bond tender offer Oct. 16

Terna Energy Finance, the financing arm of Terna Energy, will launch a tender on Oct. 16 for a green bond loan of up to 150 million euros, it said on Monday.

The offer for the seven-year bond will end on Oct. 18, it said.

A source at Terna Energy said that about 90 million euros from the bond will be used to build a wind park in Greece and to buy one in the United States.

Eurobank and National Bank are the lead underwriters for the issue. [Reuters]