The Capital Markets Committee of Greece has given the green light for the issuance of a new seven-year bond by Capital Clean Energy Carriers Corp. This initiative, spearheaded by shipping magnate Evangelos Marinakis, will commence on February 18, and the company aims to raise 250 million euros, with a minimum issue amount set at 200 million euros. The bond will consist of up to 250,000 non-convertible, common, nominal bonds, each valued at 1,000 euros.

The bonds in question will be offered to the investing public through a public offering within the Greek territory, utilizing the Electronic Book of Offers service of the Athens Stock Exchange. Once fully subscribed, the proceeds for the issuer are expected to total approximately 242.5 million euros, net of expenses. These funds are designated for use by the company starting from the date the bonds commence trading.

This bond issuance reflects a growing trend in the Greek financial market where companies seek to tap into capital markets for funding essential operations and expansion efforts. As the landscape of sustainable energy continues to evolve, Marinakis’ venture into clean energy could pave the way for increased investment in the sector, promoting not only financial returns but also environmental sustainability within Greece and the broader Mediterranean region.