Latvenergo AS plans to issue green bonds with Dark Green Shading from CICERO Shades of Green
April 27, 2021
NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED IN WHOLE OR IN PART IN OR INTO OR TO ANY PERSON LOCATED IN OR RESIDENT IN SUCH COUNTRIES OR JURISDICTIONS IN WHICH IT WOULD BE UNLAWFUL OR REQUIRE MEASURES OTHER THAN THOSE REQUIRED UNDER LATVIAN LAWS, INCLUDING THE UNITED STATES, AUSTRALIA, JAPAN, CANADA, HONG KONG AND SINGAPORE. THIS ANNOUNCEMENT IS ALSO NOT ADDRESSED TO RETAIL INVESTORS IN THE EUROPEAN ECONOMIC AREA.
Latvenergo AS, leading green energy producer and one of the largest state-owned energy companies in the Baltic region, rated Baa2 (Stable) by Moody‘s, has mandated Luminor Bank AS and Swedbank AB as joint lead managers and joint bookrunners to arrange a Global Investor Call on 5 May 2021, 2pm EEST, as well as a series of electronic investor meetings commencing on the same date. A EUR-denominated 50 million green senior unsecured bond with 7-year maturity will follow, subject to market conditions. The proceeds from the issuance will be used in accordance with Latvenergo’s Green Bond Framework, which was updated during spring 2020 and has Dark Green shading, the best green category from CICERO Shades of Green.
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