OREANDA-NEWS. Latvenergo AS issued 20,000 bonds in the amount of EUR 20,000,000 with a maturity date of 22 May 2020, a fixed annual interest rate (coupon) of 2.8% (yield: 2.8883%) and an issue price of EUR 994.475 under the bonds issuance programme of Latvenergo AS.

The issued bonds in the amount of EUR 20 000 000 form second series of bonds and will be listed on NASDAQ OMX Riga AS.

“We are satisfied with the successfully implemented issue of the second series of bonds where notwithstanding the relatively long maturity – 7 years, the demand from the investors more than twice exceeded the planned issue amount. We highly appreciate the expressed loyalty and trust to long-term business strategy of the Latvenergo Group and would like to accentuate the maintenance of the assigned credit rating Baa3 with stable outlook in the current level since March 2010 that indicates not only the stability of Latvenergo Group, but also approves the issued bonds of Latvenergo AS as a safe investment to the investors” notes Janis Irbe, the Group Treasurer.