Riga, 2015-05-28 15:15 CEST (GLOBE NEWSWIRE) -- On 27 May this year the Financial and Capital Market Commission of the Republic of Latvia has registered the Base Prospectus of the Second programme for the issuance of notes of Latvenergo AS and has decided on permitting Latvenergo AS to make a public offer.
The total amount of the programme in nominal value is 100 million euro. Several tranches may be issued under the programme for the issuance of notes and initial final terms of each separate tranche, including the date of issue, amount, maturity date, will be established shortly before the issue, evaluating the interest of investors and the market situation.
The notes will be offered to institutional investors and retail investors.
Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@latvenergo.lv
About Latvenergo
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 Baa2/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), Enerģijas publiskais tirgotājs AS (administration of electricity mandatory procurement process) and Liepājas enerģija SIA (electricity and thermal energy generation and supply), as well as Elektrum Latvija SIA (electricity supply), a subsidiary of Elektrum Eesti OÜ.
