TLN: Nasdaq Welcomes Latvenergo's First Green Bonds to Nasdaq Baltic Market
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.
“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 Auzi?a-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.”
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of approximately $9.5 trillion and more than 10,000 corporate clients.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga, AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallinn AS, AB Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic Market represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Комментарии