Ignitis plans green bond of at least €300M and tender for 2027 notes
Lithuanian utility Ignitis plans a five-year inaugural green bond of at least €300M and offers to buy back its 2.000% notes due July 2027.
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what happened
Lithuanian energy group Ignitis said it plans an inaugural five-year European Green Bond (EuGB) of at least €300M, subject to market conditions. Final size and pricing will depend on how the market responds.
The company also launched a tender offer for its €300M 2.000% notes maturing on 14 July 2027. The new bond is meant to fund the tender, and completion depends on the pricing of the new issue. The deal would be issued under the company's €2.0B EMTN programme.
According to the press release Ignitis distributed via GlobeNewswire, the company is rated BBB+ by S&P and Baa1 by Moody's, both with a stable outlook.
why it matters
The deal is a liability management step: it smooths near-term maturities and moves part of the debt to a longer tenor. For credit investors, the coupon and spreads on the new issue and the tender uptake will show how the market prices this utility's risk.
tags
instruments
sources
- AB "Ignitis grupė" Plans Min €300M 5Y EuGB, Offers Tender for 2027 Notes — globenewswire.com, 19 October 2026 at 08:27 UTC
- AB "Ignitis grupė" Plans 5-Year EuGB, Launches Tender for €300M 2027 Notes — globenewswire.com, 19 October 2026 at 08:35 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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