The Athens Stock Exchange, in the context of continuous actions of support and promotion of internationally recognized best practices in communication between issuers and investors in the characteristics of sustainable investments available in the Greek capital market, announces the creation of the special information section “ATHEX BONDS GREENet” on its website.
In this section, concentrated bonds are traded that are traded in its markets (Main Market, ENA) and during their issuance they determined that following internationally defined standards (ICMA, CBI Certification, etc.), or will use the raised funds for financing Social or a combination of Green and Social Projects, or that their returns are linked to a sustainability clause (Bonds Linked to a Sustainability Clause).
“ATHEX BONDS GREENet” is not a separate market or bond trading category of Law 4514/2018, but only a place to collect and display information described in publicly published documents of the Issuer.
“ATHEX BONDS GREENet” will operate in support of the ATHEX Bond Markets, forming a coherent digital communication space where:
– Bond issuers related to sustainable investments will promote to the investment community both the ESG principles that govern their issuance and the observance of these principles during the life of the bonds.
Investors will find aggregated and therefore more easily comparable information related to issuers’ ESG actions directly from the latter and the steps taken by issuers based on the principles issued during issuance.
This initiative is part of the already growing European effort to raise awareness of the capital market ecosystem in the ESG trend, focusing on the financing strategy of the sustainable economy.
On the first day of operation of the new Information Module, the 4 bonds of the issuers that have been characterized as viable and are traded in the Organized Market of the Stock Exchange are displayed:
– TERNA ENERGIAKI MAE FINANCING
– PRONTEA S.A.E.A.P.
– NOVAL PROPERTY S.A.E.A.P.
– GEK TERNA SOCIETE ANONYME HOLDINGS
The rules for the promotion of the Bonds in the “ATHEX BONDS GREENet” are defined in the Decision of the 182 / 15.12.2021 Meeting of the Board of Directors of the Athens Stock Exchange and are summarized within the principles mentioned above in the following three pillars:
– Publication of the Issuer’s Announcement with the basic characteristics of the bond, as well as the commitments it undertakes in accordance with internationally recognized standards, which are also mentioned in the Prospectus that accompanies each issue.
– External security both before and after the issuance of the bond.
Provision of periodic and extraordinary ESG information in accordance with the standards set during the issuance and disposal throughout the life of the bond.
Source From: Capital
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