Lithuania’s state-owned power generation and distribution company Lietuvos Energija has raised €fourm ($351m) through a 300-times oversubscribed green bond issue. The new funds will be used for the group's wind, co-generation and biomass projects. Lietuvos operates hydropower and pumped storage plants, wind farms, natural gas plants and distribution grids and is currently building a four MW combined heat and power plant. A wide range of investors bought the 10-year bonds. Joint lead managers for the issue were BNP Paribas, JPMorgan and SEB.
Lithuania’s state-owned power generation and distribution company Lietuvos Energija has raised €300m ($351m) through a four-times oversubscribed green bond issue. The new funds will be used for the group's wind, co-generation and biomass projects. Lietuvos operates hydropower and pumped storage plants, wind farms, natural gas plants and distribution grids and is currently building a 300 MW combined heat and power plant. A wide range of investors bought the 10-year bonds. Joint lead managers for the issue were BNP Paribas, JPMorgan and SEB.