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Nasdaq (Nasdaq: NDAQ) announces that as of July 1, 2015 the first green bonds of Latvenergo AS (trading ticker: ELEK019022A), the Latvian energy company, will be listed on the Nasdaq Baltic Bond List by Nasdaq Riga.
The nominal value of the bond is EUR 1,000. The total nominal value of the listed Latvenergo bonds is EUR 75 million. An annual interest rate is 1.9% and the maturity of the bonds is 7 years.
The bond issue is part of Latvenergo AS EUR 100 million second program for the issuance of bonds. Due to investors’ high interest in the issue, the total size of the bond issue was increased from EUR 50 million to EUR 75 million in the placement process.
Latvenergo Group is the largest power supply company and electricity trader in the Baltic States, producing and trading electricity and thermal energy, providing electricity distribution services and management of transmission system assets. In 2014, the power plants of Latvenergo Group generated 3,625 GWh of electricity, of which 54% was produced from renewable energy sources.
For more information, visit www.latvenergo.lv/eng/.
“Issuing green bonds is a new and innovative way for the energy industry to attract investors who are willing to invest in environmentally friendly and sustainable projects,” said Uldis Bariss, Latvenergo AS Chief Commercial Officer. “The high interest in the bonds confirms that Latvenergo is a stable company with green thinking. The capital raised will be invested in the Daugava Hydroelectric Power Plants and other sustainable projects thus ensuring that everyone benefits from the growth – investors, customers, the company and the society as a whole.”
“Continuing its successfully started operations on the bond market, Latvenergo transmits a clear signal to Baltic companies that the stock exchange may provide a reliable source of additional funding for sustainable development, “said Daiga Auziņa-Melalksne, Head of Exchange Services at Nasdaq Baltic. “We are proud that the first green bonds issued by the state-owned company will be listed on Nasdaq Baltic Bond List.”
