Slovenia's GEN-I invites investors for 50 mln euro green bond

The bonds have a fixed annual interest rate of 5.20% and mature in a lump sum payment five years from the date of issue, GEN-I said in a filing with the Ljubljana Stock Exchange earlier this week.

The issue will support green transformation projects and is consistent with the long-term sustainability strategy of GEN-I, the company said.

The nominal value of each denomination of green bonds is 100,000 euro, GEN-I added.

In March, GEN-I said it 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.

($ = 0.93625 euro)