📋 Tender Overview
Project ID: 56782
Status: Signed
Location: Regional
Business Sector: Municipal Infrastructure
Notice Type: Private
Environmental Category: IESE
Approval Date: 24 Sep 2025
Disclosure date: 02 Oct 2025
Project Description
The EBRD invested EUR 50 million in the EUR 500 million, 7-year senior unsecured bond issued by GEK Terna S.A. (the "Issuer" or the "Company") and listed on the Athens Stock Exchange ("ASE").
The overall bond proceeds will be used to finance Issuer's group business activities, among else, in the infrastructure and energy sectors, support acquisitions, and/or refinance the Issuer's and/or its subsidiaries debt and issuance costs of the bond.
The proceeds of the EBRD participation will be dedicated to renewable energy generation, battery energy storage systems, social infrastructure, and water/wastewater investments in Greece, Romania, Albania and Kosovo (the "Project").
Project Objectives
The Project aims to support the Company's growth in Greece and South-Eastern Europe by financing renewable energy, energy storage, social infrastructure, and water/wastewater investments, while also strengthening Greece's local corporate bond market through a sizeable issuance on the ASE. It will also support channelling of funds to green eligible investments and promote private sector participation in public infrastructure projects, including those procured under concessions and public-private partnerships ("PPPs"), while promoting inclusive and gender responsive policies and practices.
