TALLINN — To help pay for Eesti Energia projects, the Estonian government may issue its first euro bonds.

The country was recently told that it will enter the eurozone at the beginning of next year, the realization of a goal the country has had for years. The common European currency is projected to give Estonia stability and make it more attractive to investors.

The bonds will be between €500 million and €1 billion, the country’s Prime Minister Andrus Ansip told journalists on Thursday. He didn’t indicate how the money would be used exactly.

Previously, an initial public stock offering was made for the country’s energy company, and some of the money may be used to repurchase shares, local media reported.

Among the investments for the company are the oil-shale fired power plants that need modernization. Estonia is independent in the energy sector and sells some to neighboring countries.

It is not yet known when exactly the bond offering will be.

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