Riga, 2013-09-13 10:58 CEST (GLOBE NEWSWIRE) -- On 11 September 2013 the Financial and Capital Market Commission of the Republic of Latvia has registered Supplement No.3 to the Base Prospectus of the Programme for the issuance of Notes of Latvenergo AS. Supplementary Prospectus has been prepared due to the published Latvenergo Group Unaudited Interim Condensed Consolidated Financial Statements for the six month period ending 30 June 2013 and recent developments in business environment the issuer operates.
The total amount of Latvenergo AS Programme for the issuance of Notes in nominal value is 85 million Lats (120 million Euros). Four bond issues are realized within Latvenergo AS bond programme in the total amount of 90 million Euros. The bonds are listed on NASDAQ OMX Riga AS.
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Latvenergo Group is a pan-Baltic energy company, engaging in electricity and thermal energy generation and supply, electricity distribution services and management of transmission system assets. Latvenergo Group holds one-third of the entire Baltic electricity market, thus ensuring its leadership in the Baltic electricity supply. 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.
Latvenergo Group includes the parent company Latvenergo AS (electricity and thermal energy generation and supply) and its subsidiaries Latvijas elektriskie tīkli AS (management of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity supply in Estonia), Elektrum Lietuva UAB (electricity supply in Lithuania) and Liepājas enerģija SIA (thermal energy generation and supply, electricity generation), as well as Elektrum Latvija SIA (electricity supply), a subsidiary of Elektrum Eesti OÜ.