Mytilineos Eurobond (EBRD-51483)

Countries
  • Greece
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 30, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MYTILINEOS FINANCIAL PARTNERS SA
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.18 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 45 million
Converted using 2019-10-30 exchange rate.
Loan Amount (USD)
$ 50.18 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 557.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 500 million
Converted using 2019-10-30 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 30, 2019

Disclosed by Bank Dec 4, 2019


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Project Description

According to EBRD website, the EBRD subscribed to the amount of EUR 45 million to the EUR 500 million senior unsecured Eurobond maturing in December 2024 issued by Mytilineos Financial Partners S.A. and guaranteed by Mytilineos S.A. It aims to finance the increase of Mytilineos' secondary aluminium production.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
  • MYTILINEOS FINANCIAL PARTNERS SA -- Implementing Company

Mytilineos is a Greek diversified industrial group active in the sectors of aluminium, energy and construction. The Group was founded in 1908 as a metallurgical family business and since 1995 has been listed on Athens Stock Exchange.

Contact Information

Investors Relations
ir@mytilineos.gr
+30 210-6877300 +30 210-6877436
+30 210-6877400
http://www.mytilineos.gr/
8 Artemidos Str.,Maroussi, 15125 Athens

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.