The Black Sea Trade and Development Bank (TEAEP) has invested 30 million euros in the bond with a sustainability clause issued on the Athens Stock Exchange by GEK TERNA, a leading infrastructure and energy group in Greece. The funds raised will be used mainly to finance business activities in the infrastructure, energy, industry and real estate sectors.
The seven-year bond of GEK TERNA, amounting to 300 million euros, will provide substantial support to the extensive investment program and development plans of the Group and will contribute to the dynamic recovery of the Greek economy but also to the adoption of environmental principles and inclusion in everyday life. This bond is the first with a sustainability clause issued in the Greek market, indicating the strong commitment of the Group to contribute to the effort against climate change.
THE Dmitry Pankin, President of the Black Sea Bank “We are pleased to support GEK TERNA in issuing the first bond with a sustainability clause. The strengthening of the domestic capital market and the promotion of the green economy underline our commitment to align the Bank’s financing and Governance Council (ESG) of our Member States “.
THE George Peristeris, President and CEO of GEK TERNA said: “We would like to sincerely thank the Black Sea Bank for the trust it has shown in GEK TERNA. Its participation in this milestone issue carried out by the Group significantly supports our development strategy. GEK TERNA with its strong social image takes initiatives that enhance employment, and have a positive impact on the environment, the quality of daily life, green growth and sustainable development “.
Source From: Capital