By Lisa Kerner
Charlotte, N.C., May 27 Nelja Energia AS completed a 50 million bond issue on May 22, the first green bond issued in the Baltics, according to the company.
The six-year bonds were primarily subscribed by institutional investors from Scandinavia, United Kingdom and the Baltics. It will be listed on the Oslo Stock Exchange.
Proceeds will be used to finance new investments in renewable energy projects in Latvia and Lithuania.
This bond issue is part of our long-term strategy to finance our continuous growth and it enabled us to present ourselves as the largest wind energy company in the Baltics to investors in Scandinavia and elsewhere in Europe, said chief financial officer Kalle Kiigske.
Swedbank Norway was the arranger.
Nelja Energia develops and operates renewable energy projects in Estonia, Latvia and Lithuania. The company is based in Tallinn, Estonia.
| Issuer: | Nelja Energia AS
|
| Issue: | Green bond
|
| Amount: | 50 million
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| Maturity: | Six years
|
| Arranger: | Swedbank Norway
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