Nasdaq Welcomes Lietuvos energija to Baltic Market
Post# of 301275
Tallinn/Riga/Vilnius, Nasdaq Baltic Market, July 26, 2017 — Nasdaq (NDAQ) announces that the bonds of energy company group Lietuvos energija (short name: LEGR) were listed on the Baltic Bond List by Nasdaq Vilnius as of July 19, 2017.
A state-controlled energy company group Lietuvos energija issued green bonds in an amount of 300 million euros. The annual interest rate is 2% and the maturity of the bonds is 10 years. The bonds are dual-listed on the Nasdaq Vilnius and Luxembourg exchanges. Funds raised by green bond issue will be used to finance the company’s green energy projects.
"We are delighted to welcome Lietuvos energija to Nasdaq Baltic market," says Saulius Malinauskas, President of Nasdaq Vilnius. “The decision to list Lietuvos energija green bonds on the Nasdaq Baltic Bond List is an important event for the Baltic capital market. We believe that Lietuvos energija will set an example for other state-owned companies to implement their ambitious expansion plans through the opportunities offered by the capital market in issuing bonds and shares."
The green bonds of Lietuvos energija were purchased by German, Finnish, French and Lithuanian institutional investors.
“This successful debut of green bond transaction builds up a strong reputation of Lietuvos energija and proves that we are a reliable and financially strong company“, says Dalius Misiūnas, Chairman of the Management Board and the CEO of Lietuvos energija. “Green bond proceeds will be used to fund only the investments related to green energy projects. In this way investors will not only receive a financial return but will also contribute to the development of renewable energy and increase of energy efficiency.”
About energy company group Lietuvos energija
Lietuvos energija group is a state-controlled company group which is one of the largest in the Baltic States. The main activities of the Group include power and heat distribution and supply, natural gas trade and distribution as well as construction and maintenance of power plants and grid. The rights and obligations of the shareholder of Lietuvos Energija group are implemented by the Ministry of Finance of the Republic of Lithuania.
The Group is comprised of the following companies: Lietuvos Energijos Gamyba, AB, electricity and heat generation company, AB Energijos Skirstymo Operatorius (ESO), electricity and gas distribution operator, UAB Energetikos Paslaugų ir Rangos Organizacija (EnePRO), UAB NT Valdos, UAB Energijos tiekimas, UAB LITGAS, UAB VAE SPB, UAB Duomenų logistikos centras, UAB Technologijų ir inovacijų centras, UAB Verslo aptarnavimo centras, VŠĮ Energetikų mokymo centras, UAB Energijos sprendimų centras, UAB Elektroninių mokėjimų agentūra, UAB Vilniaus kogeneracinė jėgainė, UAB Kauno kogeneracinė jėgainė, UAB EURAKRAS, Tuulueenergia OU, SIA Geton Energy, OU Geton Energy, GetOn Energy sp.z.o.o.
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