PPC S.A. announces the signing of a loan agreement for the issuance of a new unsecured common bond loan (L.4548/2018) of an amount up to €300 m, as a Revolving Credit Facility, with Alpha Bank S.A. as Underwriter, Initial Mandated Lead Arranger, Paying Agent and Initial Bondholder. Eurobank S.A. joined as Mandated Lead Arranger and Initial Bondholder.
The Bond Loan will be used for general corporate purposes and will have a 3 year tenor, which can be extended for 2 more years.
The Bond Loan includes a Sustainability linked KPI, along the lines of the recently issued high yield bond for the reduction of CO2 emissions by 40% by December 2022 with 2019 as a base year. This further underscores PPC's strategic commitment to integrate environmental goals, in terms of mitigating impacts from climate change, into its financing policy.
Athens, August 23, 2021
Public Power Corporation SA published this content on 23 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2021 08:53:02 UTC.