By Christine Van Dusen
Atlanta, June 4 – Latvia’s Latvenergo AS priced an upsized €75 million 1.9% green bonds due 2022 at €998.572 to yield 1.922% on Wednesday, according to a company announcement.
SEB was the bookrunner for the deal, which was initially expected to total €50 million.
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.
Latvenergo is the largest power supply merchant in Riga, Latvia.
| Issuer: | Latvenergo AS
|
| Amount: | €75 million, increased from €50 million
|
| Maturity: | June 10, 2022
|
| Description: | Green bonds
|
| Bookrunner: | SEB
|
| Coupon: | 1.9%
|
| Price: | €998.572
|
| Yield: | 1.922%
|
| Trade date: | June 3
|
| Settlement date: | June 10
|
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