Riga, 2015-06-10 15:54 CEST (GLOBE NEWSWIRE) -- On 10 June 2015 Latvenergo AS (Baa2/stable, Moody`s) issued of seven-year green bonds in the total nominal value of EUR 75 million with a maturity date of 10 June 2022, a fixed annual interest rate (coupon) of 1.9% (yield: 1.922%) and an issue price of EUR 998,572.
The notes are issued under Latvenergo AS EUR 100 million second programme for the issuance of notes.
The issued notes will be listed on NASDAQ OMX Riga AS.
The funds raised from the issued notes will be channelled to green-minded projects financed or part-financed by Latvenergo Group that concern generation as well as distribution and transmission network assets in accordance with Latvenergo AS Green Bond Framework, whereby the Center for International Climate and Environmental Research - Oslo, a Norwegian independent institute for interdisciplinary climate research, has issued a second-party opinion regarding the suitability of the notes as an investment in connection with certain environmental and sustainability criteria.
Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@latvenergo.lv
www.latvenergo.lv/investors/eng
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.