Advising Eesti Energia in connection with issuing of 500 MEUR notes

Raino Paron, partner and the head of Banking & Finance practice group and Triin Frosch, counsel and energy and infrastructure specialist of Ellex Raidla advised Eesti Energia AS in connection with the issuing of 500 MEUR notes due 2023. Concurrently with the issuing of the new notes Eesti Energia AS bought back 248 MEUR worth of bonds with a maturity date in 2018 and 193.7 MEUR worth of bonds with a maturity date in 2023. This is the largest bond transaction in the group’s history.
 
The notes will be listed on the Regulated Market of the London Stock Exchange. Barclays, Deutsche Bank and Nordea Bank were the Joint Lead Managers and Joint Bookrunners, and Swedbank the co-manager. Over 80 investors participated in the emission.
 
Additional information (in Estonian) from Eesti Energia’s website.