OREANDA-NEWS. On 27 March this year, Latvenergo AS realized additional issue of the first series of bonds, issuing 20,000 bonds in the amount of EUR 20,000,000 with the maturity date of 15 December 2017, a fixed annual interest rate (coupon) of 2.8% (yield: 2.6167%) and issue price of EUR 1015,492.

Key highlights of the process of additional issue of the series of bonds:

On 19 December 2012 Latvenergo AS issued bonds in the amount of EUR 20,000,000 under the first series of bonds. Starting from 23 January 2013 bonds are listed on NASDAQ OMX Riga AS;

On 30 January 2013 Latvenergo AS realized additional issue of bonds in the amount of EUR 30,000,000 under the first series of bonds. Starting from 31 January 2013 bonds are listed on NASDAQ OMX Riga AS next to the listed 20,000 Latvenergo AS bonds with total nominal value of EUR 20,000,000;

On 21 March this year, placement of the bonds was implemented for additional issue of the first series of bonds in the amount of EUR 20,000,000:

- the yield to maturity range was determined from SW* +1,75% to SW +2,05%;

- the total amount of the submitted purchase orders had reached EUR 79.3 million, respectively, almost 4 times exceeding the planned issue amount;

Upon admission of the additionally issued bonds to the regulated market the bonds will be consolidated and form a single series with the EUR 20,000,000 bonds issued on 19 December 2012 and the EUR 30,000,000 bonds issued on 30 January 2013, thus forming the series of bonds in the total amount of EUR 70,000,000.

* an interpolated interest rate swap derived from a four-year interest rate swap and a five-year interest rate swap