COBALT advised AS SEB banka on Latvenergo AS green bond issue

COBALT advised AS SEB banka as arranger of Latvenergo AS programme for the issuance of notes. Under the programme on June 2015 AS Latvenergo issued seven-year green bonds in the total nominal value of EUR 75 million.

The funds raised from the issued notes will be channelled to green-minded projects financed or part-financed by Latvenergo Group that concern generation as well as distribution and transmission network assets.

Latvenergo AS is the first company in Eastern Europe to issue green bonds.