Original disclosure @ EBRD website
Updated in EWS Dec 13, 2022
Disclosed by Bank Jul 29, 2022
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According to the Bank’s website, the project consists of a subscription of up to EUR40.5 million in sustainability-linked bonds (SLB) issued by EPSO-G, a Lithuanian state-owned group of energy transmission and exchange companies, under a EUR135 million sustainability-linked bond programme. The bonds are listed on the Nasdaq Baltic exchange as of 15 June 2022. The Bank already subscribed to EUR22.5 million out of the EUR75 million issued under the programme.
The proceeds from the SLB issuance programme will be applied solely towards general corporate purposes. The Company is however intending to direct the Bonds proceeds towards its investment programme which is focused on the electricity grid synchronisation programme with the EU network, the implementation of a 200 MW energy storage project and electricity grid renovation to allow for connecting more renewable energy capacity.
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COMPANY CONTACT INFORMATION
+370 685 84866
Gedimino ave. 20, LT-01103 Vilnius, Lithuania
ACCESS TO INFORMATION
You can request information by emailing: email@example.com or by using this electronic form: https://www.ebrd.com/eform/information-request
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: firstname.lastname@example.org or you can submit a complaint online using an online form at: 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