EBRD invests 15 mln euro in commercial paper of Slovenia's GEN-I

The commercial paper issue will support the immediate liquidity needs of GEN-I due to a significant increase in working capital requirements for its operations, the EBRD said in a project summary document on Tuesday.

On October 21, GEN-I said it sold 15.7 million euro worth of commercial paper in a reopening of the issue to three investors.

In May, GEN-I sold securities of the same issue worth a nominal 60 million euro. The company received binding offers from interested investors in a record-high amount of some 70 million euro, which led to the increase of the originally set borrowing amount of 50 million euro by 10 million euro.

GEN-I is an integrated supplier and trader of electricity and natural gas and provider of green energy services in Slovenia and Southeastern Europe (SEE).

($ = 0.99987 euro)