Lithuania's government on Monday decided to issue green bonds on the domestic market, with the first issue worth 68 million euros to be launched in late April.
Rooftop wind turbines
© Vida Press

The Lithuanian government will be the first public authority in the Baltic states to issue green bonds.

The generated funds will be invested in modernizing multi-apartment buildings and enhancing energy efficiency, the Finance Ministry said.

"The interest in green bonds is a rapidly growing and global, worldwide process. The European Union together with the United States are among the green bond leaders," Finance Minister Vilius Šapoka said in a press release.

He expects that the government's decision to use this financing instrument will encourage greater interest from foreign investors in investment opportunities in Lithuania.

All proceeds from the bond issue will be on-lent to the Public Investment Development Agency, or VIPA, which will use the 10-year loan for the modernization of 156 multi-apartment buildings.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Baltic States seek a single regional assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed...

LMT presents three digital service innovations at Baltic Mobile Congress

LMT (Latvian Mobile Telephone) is the telecommunications market leader in Latvia and a digital service...

CERN is considering the possibility of establishing business incubation centre

Last week, CERN delegation paid a visit to Kaunas University of Technology (KTU) Santaka Valley. The...

Israeli cloud services integrator chooses Vilnius for European base

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European...

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

The popular French fashion brand „Gémo“ entered the Baltic States - the first regional store was...