Announcement – Regulated information
July 18, 2024
Public Power Corporation S.A. (“PPC”), announces with respect to the Sustainability-Linked Bond Performance Report for the €500 m Sustainability-Linked Senior Notes due in 2028, (“Notes”) that the reduction of Scope 1 GHG emissions for the financial year 2023 in comparison to financial year 2019 stood at 57.81% compared to the 57% target set in the Notes.
Therefore, the Key Performance Indicator (KPI) has been achieved and the interest step-up of 50bps (0.5%) will not apply on the Notes from the next coupon date.
The Sustainability-Linked Bond Performance Report is available on PPC’s website under the “Investor Relations” section.