Riga, 2013-01-30 14:14 CET (GLOBE NEWSWIRE) -- On 30 January this year, Latvenergo AS concluded the additional issue of series of notes, issuing 30,000 notes in the amount of EUR 30,000,000 with the maturity date of 15 December 2017, a fixed annual interest rate (coupon) of 2.8% (yield: 2.8%) and issue price of 1003.187 EUR.
Upon admission of the additionally issued notes to the regulated market the notes will be consolidated and form a single series with the EUR 20,000,000 notes issued on 19 December 2012, which are listed on NASDAQ OMX Riga AS since 24 January this year.
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The Latvenergo Group is the largest power supply merchant in the Baltics, engaging in electricity generation and trade as well as providing electricity distribution and management of transmission system assets. Latvenergo holds one-third of the entire Baltic electricity market. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several years in a row. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa3/stable.
The Latvenergo Group includes the parent company Latvenergo AS (electricity generation and trade, thermal energy generation) and its subsidiaries Latvijas elektriskie tīkli AS (management of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity trade in Estonia), Elektrum Lietuva UAB (electricity trade in Lithuania) and Liepājas enerģija SIA (thermal energy generation and trade, electricity generation), as well as Elektrum Latvija SIA, a subsidiary of Elektrum Eesti OÜ.