Latvia’s Latvenergo sets talk for €50 million bonds due 2022 at mid-swaps plus 105-130 bps

By Christine Van Dusen

Atlanta, June 2 – Latvenergo AS set talk for a €50 million offering of bonds due 2022 at mid-swaps plus 105 basis points to 130 bps, according to a company announcement.

The company previously announced plans to issue up to €100 million of green bonds to finance the implementation of environmentally friendly projects, making Latvenergo the first state-owned company in Eastern Europe to enter the capital market with green securities.

Latvenergo has developed and approved its Green Bond Framework, and the company’s environmental objectives have been assessed by the Center for International Climate and Environmental Research – Oslo.

Issuance of the new bonds is expected to take place on June 10.

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

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