Latvia’s Latvenergo plans €100 million public bond issue via SEB banka

By Susanna Moon

Chicago, May 15 – Latvenergo AS said it plans a public bond issue for up to €100 million with SEB banka AS as the arranger and agent.

The bonds will be listed on the Nasdaq Riga Baltic bond list.

The issue size, bond price, maturity and yield to maturity range will be set forth in the final terms, according to a company press release.

“The amount of €105 million raised in the previous issues has been invested in the production, transmission and distribution facilities requiring investment,” Zane Kotane, a member of the management board of Latvenergo, said in the press release.

“These are the facilities that can be recognized and appreciated by both population and investors – the examples include the reconstruction of the Daugava HPPs cascade, replacement of overhead power lines with cable lines, etc. Thus, the bonds have helped the company to secure the necessary investments, while creating a possibility for our broad range of clients to invest money in the economy of Latvia.”

Latvenergo is the largest power supply merchant in Riga, Latvia.

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