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

Photo: Pexels


July 10, 2018






July 10, 2018





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

Belgrade Energy Forum greets top officials global investors renewables

Belgrade Energy Forum greets top officials, global investors in renewables

17 April 2024 - The sponsor roster for Belgrade Energy Forum 2024 is expanding with some of the most prominent global names in the renewables realm

Governments firms pledge support for solar manufacturing EU Solar Charter

Governments, firms pledge support for solar manufacturing with EU Solar Charter

17 April 2024 - A hundred representatives of the European solar sector and energy ministers from 23 member states have signed the EU Solar Charter

Federation of BiH auctions solar wind energy community

Federation of BiH drafts 2025-2030 renewable energy auctions plan

16 April 2024 - The incentives plan was published by the Federal Ministry of Energy, Mining and Industry in its draft decree on quotas for renewables


Greece’s PPC sets its sights on Italy, Croatia in tandem with Mytilineos

16 April 2024 - Public Power Corp. – PPC is about to pay out the first dividend in a decade and is widening the scope of its regional expansion