Latvenergo AS concludes loan agreement with SEB banka AS
January 15, 2020
On 14 January 2020 Latvenergo AS signed a loan agreement with SEB banka AS for EUR 60 million and with a repayment term up to 2 years.
For the conclusion of the loan agreements the procurement procedure was organized, in the result of which the winners were SEB banka AS for the above-mentioned loan amount and OP Corporate Bank plc Latvia branch for EUR 15 million with which the loan agreement was concluded at the end of last year.
Latvenergo AS raises capital on a planned and regular basis in order to ensure timely provision of funds for the financing of capital investments and liquidity. The international credit rating agency Moody’s has assigned Latvenergo AS an investment grade credit rating of Baa2 with a stable outlook confirming stability and the solid financial performance of Latvenergo Group.