Brief: Zorlu Enerji To Issue $100.0 Mln Tap Eurobond Issuance To Be Consolidated With Its Existing $1.0 Bln Sustainability-Linked Bonds

Zorlu Enerji Elektrik Uretim AS

27/02/2025 15:45

Feb 27 (Reuters) - Zorlu Enerji Elektrik Uretim ZOREN.IS:

ZORLU ENERJI - TO ISSUE  $100.0 MILLION TAP EUROBOND ISSUANCE TO BE CONSOLIDATED WITH ITS EXISTING $1.0 BILLION SUSTAINABILITY-LINKED BONDS DUE APRIL 23, 2030, WHICH WAS SOLD TO QUALIFIED INVESTORS ABROAD

ZORLU ENERJI - ISSUED BONDS WILL BE REDEEMED IN INSTALLMENTS OF $5.6 MILLION EVERY SIX MONTHS STARTING FROM THIRD YEAR

ZORLU ENERJI - REMAINING USD 71.9 MILLION TO BE REDEEMED AT MATURITY

ZORLU ENERJI - SALE TRANSACTION IS EXPECTED TO BE COMPLETED ON MARCH 6

ZORLU ENERJI - JP MORGAN SECURITIES PLC WILL ACT AS SOLE INITIAL PURCHASER IN THIS TRANSACTION

Source text: nIKA3CtLQ9

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 (Gdansk Newsroom)

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