The European Bank for Reconstruction and Development (EBRD) has announced a €50 million investment in a senior unsecured bond issued by GEK TERNA S.A., the holding company of GEK TERNA Group in Greece. The €500 million bond has a seven-year tenor and will be listed on the Athens Stock Exchange. The EBRD’s participation will support GEK TERNA’s growth in renewable energy generation, battery storage systems, social infrastructure, and water and wastewater projects across Greece, Romania, Albania, and Kosovo. The proceeds of the bond will also be used to fund the group’s broader business activities in energy and infrastructure, refinance debt, and cover issuance-related costs.
As part of the investment and its ongoing collaboration with EBRD, GEK TERNA has committed to strengthening gender inclusion and talent development within the sector. The company is expected to increase women’s participation in its workforce and internship programmes, as well as organize annual school and university events aimed at attracting young talent, with a particular focus on encouraging women to join the infrastructure and energy industries.
The bond is also designed to encourage greater private-sector involvement in public-private partnerships (PPPs) across Greece and the wider region. Some of these projects may be advanced under the Greek PPP Preparation Facility, supported by the EBRD, which promotes international best practices, alignment with the Paris Agreement, and adherence to high environmental, social, and governance standards. GEK TERNA Group is one of Greece’s leading infrastructure and energy groups, with operations extending into central and south-eastern Europe.
Its activities cover concessions, energy, and construction, with a focus on delivering sustainable infrastructure solutions. This transaction builds on the EBRD’s long-standing relationship with GEK TERNA and reflects the Bank’s continued commitment to strengthening Greece’s capital markets and advancing sustainable development. Since beginning operations in Greece in 2015 to help the country recover from its economic crisis, the EBRD has invested more than €8.5 billion in around 120 projects spanning corporate, financial, energy, and infrastructure sectors.
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