According to the EIB, the operation concerns the purchase of Green Bonds to finance MVM's investments in renewable energy, electricity networks and clean transportation included in the company's green bond framework.
The proposed operation consists of the purchase of one or several senior green bonds, the proceeds of which will finance new or existing investments in the following sectors in Hungary, as set out in the Promoter's green financing framework: renewable energy electricity generation, production of green hydrogen, transmission or distribution of electricity, storage of electricity or hydrogen. By the end of the allocation period, the issuer will have allocated a portion of the funds to an agreed amount of new eligible investments. The underlying projects are not known at this stage.
As stated on the company's website, MVM Group is a predominant player of the Hungarian energy system, assuming an eminent role in implementing the country’s energy strategic targets through its successful and competitive activities. MVM Group’s expanding portfolio covers the entire Hungarian energy sector. Through its supplementary services (e.g. IT, telecommunication, financial and security services) the Group is prepared to provide full-range services for the increasingly complex consumer’s demands in a one-stop way.
MVM Group is the 2nd largest company in Hungary, and the 2nd in Central Europe. It is a dynamic, innovative fully state-owned company group continually gaining dominance also on regional level, acting also as the largest domestic energy knowledge centre, and through its professional competences offering significant contribution to the security of supply in Hungary and Central-Eastern Europe.
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|MVM Energetika Zrt.
No project contacts provided at the time of disclosure.
Client - MVM Energetika Zrt.:
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