Renewable

December 27 (Renewables Now) - Greece is planning to issue short and long-term debt worth up to EUR 12 billion (USD 13.6bn) by 2022 and hold its inaugural green bond offering as part of the initiative.

The proposed placement of green bonds is due to be held in the second half of next year, Reuters reports, citing Greece’s debt agency PDMA. According to the media, the agency’s 2022 funding strategy outlines plans for a “continuous presence” in the international debt markets and lowering the country’s debt-to-DFP ratio.

Details about the size of the planned green bond sale were not available. Local media reported this summer that the target could range between EUR 2 billion and EUR 3 billion. A framework for issuing such securities was supposedly in the works at the time.

At present, most of the green transition projects in Greece receive financing from the country’s recovery and resilience facility.

(EUR 1.0 = USD 1.134)