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EBRD Invests In First Green Bond Issued By Eesti Energia
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 27. European Bank for
Reconstruction and Development is investing 20 million euros in the
first green bond issued by Eesti Energia, Trend reports via the
Bank.
The EBRD's investment will account for 6.7 percent of the planned 300 million euro bond issuance. The bond is set to be listed on the Luxembourg Stock Exchange's Euro MTF market.
The proceeds will support Eesti Energia's long-term energy transition strategy and investments in energy security infrastructure across its key markets in Estonia, Latvia, Lithuania and Poland.
Funding will be directed toward eligible green projects, including renewable energy generation, electricity distribution networks supporting renewable integration, battery energy storage systems and electric vehicle charging infrastructure.
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