Czech group EFG to issue green bonds worth two billion crowns
Prague (May 16) – EFG Aquisitions & development, a member of the Czech Energy Financial Group (EFG), is issuing its first so-called green bonds. It aims to distribute securities worth two billion crowns among investors over the coming years. It has now launched its first bond issue, worth 350 million crowns. The company announced this in a press release to the Czech News Agency (ČTK) today. It plans to use the proceeds to develop biogas plants.
Green bonds are linked to meeting sustainable development goals, particularly those related to the environment.
With its green bond issue, EFG aims to align itself with current investment trends. „Investors are well aware of the need to transform the current economy. Political decisions at both national and international levels are also driving this. It is important to us, too, that the company’s activities open to investment are environmentally and economically sound,“ said EFG Chief Executive Tomáš Voltr.
Since 2007, EFG has operated through its subsidiaries in the energy processing of biodegradable waste and the production of biomethane. Last year, the group tripled its turnover to 680 million crowns. The group is headquartered in Prague.
Translation disclaimer
This article is a machine translation of the Czech original and has not yet been fully reviewed. In case of any doubt, please refer to the Czech version.
