Metlen Energy & Metals is proceeding with the issuance of a €500 million 5-year bond, with BNP PARIBAS, Citigroup, and HSBC giving the relevant mandate.

As informed by the listed company, the aim of the issue is to finance eligible green projects, while the senior bond will also be redeemed for €500 million euros, with an interest rate of 2.5% and maturing in 2024.

With this move, the company will proceed with the repayment of its previous bond, proving once again that it is a stable and consistent market player. Moreover, with the new issue in this volatile market environment, Metlen is re-entering the markets, which de facto accept the company as investment grade despite the fact that it is still one grade below.