Electricity

GEN-I secures EUR 20 million via bond issued on Ljubljana Stock Exchange

Photo: Pexels

Published

July 10, 2018

Country

Comments

comments icon

0

Share

Published:

July 10, 2018

Country:

Comments:

comments icon

0

Share

Electricity and gas trading group GEN-I has announced that it has successfully completed the simultaneous issue of a bond and a commercial paper.

The issue of the bond has secured the company EUR 20 million, Nova Ljubljanska Banka (NLB) said on its website.

GEN-I issued a 45-month bond with an annual interest rate of 2.4% and a 360-day commercial paper with an annual interest rate of 1.1%, GEN-I said in a press release.

The purposes of the issue are the financing of the company’s short-term and permanent working capital, and the diversification of the structure of sources relative to bank lending, Slovenia-based energy trader noted.

Both issues were extremely well-received, as the value of binding offers from interested investors was twice as high as the planned amount of borrowing on the capital market, GEN-I said in the press release, adding that this also marks the first time that the Ljubljana Stock Exchange will list a bond issued by GEN-I.

NLB and Nova KBM provided all services for GEN-I and carried out the initial public offering (IPO) and issue of the bond and the commercial paper.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

ems ai transmission

EMS plans to use AI in construction approvals

21 November 2024 - EMS has decided to automate its construction approval procedure by introducing state-of-the-art AI solutions

IPTO ENCS cybersecurity grid

Greece’s IPTO joins European Network for Cyber Security

21 November 2024 - The European Network for Cyber Security (ENCS) has announced that IPTO has officially joined the network as a full member

montenegro gvozd epcg nordex agreement

Montenegro’s power utility EPCG begins construction of Gvozd wind farm

21 November 2024 - Wind farm Gvozd will be the first large-scale power generation facility to be built by EPCG in more than 40 years

Bulgarian waterworks firm installs in pipe hydropower generator

Bulgarian waterworks firm installs in-pipe hydropower generator

21 November 2024 - A waterworks and sewerage firm in Bulgaria produces electricity using an in-pipe hydropower device in a supply line