Slovenia's GEN-I intends to issue 50 mln euro green bond

The proceeds of the issue will support green transformation projects consistent with the long-term sustainable strategy of the GEN-I Group, the group said in a bourse filing on Wednesday.

GEN-I has concluded a contract with Nova Ljubljanska Banka (NLB) [LJE:NLBR] for professional advice and services related to the offer, the bond's entry into the central securities register at the Clearing House Depository Company and the listing of the bond on the organised market.

In March 2017, electricity and gas trading company GEN-I Sonce, a fully owned subsidiary of GEN-I, issued a seven-year green bond worth 14 million euro to invest in photovoltaic projects.

($ = 0.91389 euro)