EBRD invests €20 million in Eesti Energia's inaugural green bond
Estonia, May 26 -- The European Bank for Reconstruction and Development (EBRD) is investing €20 million in the first green bond issued by Eesti Energia, the Estonian state-owned energy group.The Bank's investment will represent 6.7 per cent of a planned bond issuance of €300 million. The bond will be listed on the Luxembourg Stock Exchange's Euro MTF market.The proceeds of the bond will support the company's long-term energy transition strategy and investments in energy security infrastructure. They will be allocated to eligible green projects, including renewable energy generation, electricity distribution networks that enable the integration of renewables, battery energy storage systems and electric vehicle charging infrastruc...
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