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Terna Energy unit to launch EUR-150m bond offer

The wind farm on the island of Agios Georgios in Greece. Source: Terna Energy SA

October 15 (Renewables Now) - A subsidiary of Greek renewable power producer Terna Energy SA (ATH:TENERGY) will launch on Wednesday a public offer for a common bond loan of up to EUR 150 million (USD 165m).

Terna Energy Finance SA will kick off the offer for the seven-year bonds on October 16 and it will run through October 18. The book building process will close on the last day of the public offer period. The final yield, the interest rate and the offer price will be notified to the Capital Markets Commission on the next business day.

The issue will be aborted in the event that the bond is not subscribed for an amount of at least EUR 120 million.

Terna Energy published a prospectus for the offer on Friday, October 11.

The lead underwriters are Eurobank Ergasias SA and National Bank of Greece SA.

(EUR 1.0 = USD 1.102)

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