Electricity

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

Photo: Pexels

Published

July 10, 2018

Country

Comments

0

Share

Published:

July 10, 2018

Country:

Comments:

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

HT Profession Energia ink first virtual PPA in Croatia

HT, Profession Energia ink first corporate PPA in Croatia

27 May 2023 - The adviser to Hrvatski Telekom in reaching the power purchase agreement was consulting company PwC Croatia

Enery-scholarships-female-students-renewables-program-Austria

Enery offers scholarships to female students at renewables program in Austria

26 May 2023 - Enery Development is offering two scholarships to female candidates for master's studies in renewables in Austria

Biogas power plant in Croatia goes bust due to price controls

Biogas power plant in Croatia goes bust due to price controls

26 May 2023 - Unless the Government of Croatia helps biogas power plants, 70% will need to be shut down before summer, their association claims

bef 2023 auctions investments serbia neda lazendic

Neda Lazendić: Serbia has reliable investment environment

25 May 2023 - Neda Lazendić, Country Manager at WV-International, was one of the panelists at the Belgrade Energy Forum 2023