Tauron raises €158 million in Germany

Energy producer and distributor Tauron has issued €158 million worth of 15-year bonds on the German market. The securities were purchased mainly by German investors, including insurance funds, pension funds and banks. “The large interest from investors who represent relatively conservative activity in Germany is evidence of that the European financial market values Tauron’s achievements and position, particularly its creditworthiness. The funds raised from the issue will be used to finance Tauron’s investment program, the company said in a statement.