GEK TERNA S.A. has announced its intention to proceed with a proposed issuance of fixed-rate bonds with a nominal value of €500 million and a maturity of 7 years, under its Medium-Term Note (MTN) Issuance Programme.
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GEK TERNA’s official announcement
The full text of GEK TERNA’s announcement reads as follows: “Further to its announcement dated 14.10.2026 regarding the establishment of a Medium-Term Note Issuance Programme (EMTN Programme), GEK TERNA S.A. (the “Company”) announces that it has mandated BNP Paribas S.A., J.P. Morgan S.E. and Mediobanca – Banca di Credito Finanziario S.p.A. as Global Coordinators and Joint Bookrunners, together with AXIA, Deutsche Bank, Eurobank S.A., Goldman Sachs Bank Europe SE, HSBC, Morgan Stanley, National Bank of Greece, Piraeus Bank S.A. and Optima Bank S.A. as Joint Bookrunners, to arrange a series of meetings with institutional investors commencing Monday, 19 October 2026, for a potential offering, pursuant to Regulation S, of senior, unsecured, fixed-rate bonds with a nominal value of €500 million and a maturity of 7 years, under the Company’s EMTN Programme (the “Offering” and the “Bonds”), which is expected to follow, subject to market conditions.
The Bonds are expected to be rated BBB- by S&P Global Ratings and Baa3 by Moody’s Ratings. The net proceeds from the Bonds will be used by the Company for general corporate purposes. The Bonds will be offered outside the United States pursuant to Regulation S under the United States Securities Act of 1933, as amended.”
