Riga, 2013-10-02 13:03 CEST (GLOBE NEWSWIRE) -- On 2 October this year, under the bonds issuance programme, Latvenergo AS issued 15,000 bonds in the total nominal value of EUR 15,000,000 with a maturity date of 22 May 2020, a fixed annual interest rate (coupon) of 2.8% (yield: 3.458%) and an issue price of EUR 971,665.
The issued bonds in the amount of EUR 15,000,000 form the second series of bonds and will be listed on NASDAQ OMX Riga AS.
The issue of bonds is implemented under the bonds issuance programme in the total amount of LVL 85 million (EUR 120 million). Consequently, as of today Latvenergo AS has issued bonds in the total nominal value of EUR 105 million of which the bonds in the total amount of EUR 70 million are issued under the first series of bonds and EUR 35 million under the second series of bonds.
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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.