Greece: Mytilineos Group’s green bond offering, SEE Energy News
In order to raise funds to back its renewable energy projects, Greek Mytilineos Group is planning to launch an offering green senior notes worth 500 million euros. The statement from the group said that the senior unsecured notes will have a 5.5-year tenor and will mature in 2026. However, that it is still not certain whether the offering will be completed and what its final volume will be. BNP Paribas, Citigroup, and HSBC have been hired to act as global coordinators and joint bookrunners of the transaction. The agents will also assist Mytilineos in arranging virtual meetings with European investors, to be held from 19 April.
Mytilineos Group has pledged to achieve net zero emissions at its development and construction businesses by 2030 and cut by 50 % emissions at its gas-fired units by the same year. Regarding renewables, it aims to deploy over 2.5 GW of projects, at home and abroad.