PPC signs €300 million bond loan


Public Power Corporation (PPC) signed an agreement for a new joint bond loan of up to 300 million euros, in the form of a revolving credit and without guarantees, it said on Monday.

The loan will be used for general business purposes and have a 3-year duration, with the option of extending it for a further 2 years.

The issue includes, among others, a clause for a 40% reduction of carbon dioxide emissions by December 2022 (with 2019 as baseline).

This is in the context of bringing PPC's funding policy in line with that of its overall strategy on the environment and the amelioration of climate change repercussions.

READ MORE: More American investments heading to Greece, says Hellenic American Chamber.