July 4, 2018 / 6:42 AM / a month ago

Lietuvos Energija issues 300 mln euro green bond

LONDON, July 4 (Reuters) -

* Lietuvos Energija has issued a 300 million euro ($350.16 million), 10-year green bond, BNP Paribas said.

* The Lithuanian company owns gas, hydro and hydro-pumped storage power plants in Lithuania, as well as natural gas and power distribution grids and a gas supply company.

* The proceeds of the green bond will be allocated to eligible green projects as identified in a green bond framework.

* Green bonds are a small but growing part of the wider bond market. They are used to fund projects which have clear environmental benefits, such as renewable energy, low-carbon transport or sustainable buildings.

* The joint lead managers of the issuance were BNP Paribas, JPMorgan and SEB. ($1 = 0.8568 euros) (Reporting by Nina Chestney)

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