Latvenergo AS has signed short terms Loan Agreements totalling EUR 300 million with Swedbank AS, OP Corporate Bank plc Latvia Branch, and AB SEB Bank
June 30, 2025
In May/June of this year, Latvenergo AS signed two-year overdraft/credit line agreements with OP Corporate Bank plc Latvia Branch for EUR 150 million, AB SEB Bank for EUR 100 million, and Swedbank AS for EUR 50 million.
The loan agreements were concluded following a procurement procedure, in which OP Corporate Bank plc Latvia Branch, Swedbank AS, and AB SEB Bank were selected as the winning bidders. The borrowed funds will be used for working capital financing and liquidity management.
Latvenergo AS secures funding in a planned and regular manner, ensuring timely access to capital for both capital investments and liquidity management. Credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2 with a stable outlook.