Announcements

On 16 June 2026, Latvenergo AS has priced a senior unsecured EU Green bond for the total nominal amount of EUR 300 million. The notes bear a fixed interest rate of 4.162%, have a maturity of 7 years and are issued under Latvenergo AS Euro Medium-Term Note Programme. The notes have a maturity date on 25 June 2033.

The transaction generated strong demand from institutional investors across Europe and beyond, including asset managers, investment funds, supranational institutions, and banks. More than 90 investors participated in the final book, with total demand exceeding the targeted amount by 6.7 times, reaching above EUR 2 billion ahead of final pricing.

The notes were priced at 130 basis points over the mid swap rate and carry a coupon of 4.162%. Classified as European Green Bonds, the proceeds will be allocated to financing and refinancing Eligible Green Projects in line with the European Green Bond Factsheet.

"Each successfully implemented development step reinforces confidence in the direction we have chosen. This eurobond issuance also demonstrates investors’ strong trust in Latvenergo and our long-term development plans. The significant interest from international investors is an important recognition of both the company’s financial stability and Latvia’s investment environment as a whole. The financing raised will enable us to continue targeted investments in renewable energy projects, strengthening domestic electricity generation and advancing towards a more sustainable, greener future" – Guntars Baļčūns, Member of the Management Board and Chief Financial Officer.

In this deal, Latvenergo AS has mandated BNP PARIBAS and J.P. Morgan as Joint Global Coordinators and Joint Bookrunners, together with Skandinaviska Enskilda Banken AB (publ) and Luminor Bank AS as Joint Bookrunners.

The notes will be admitted to trading on the regulated market of the Luxembourg Stock Exchange (Bourse de Luxembourg) and the regulated market of AS Nasdaq Riga.