Notification on material event
Lietuvos Energija, UAB has scheduled a second issue of green bonds
Lietuvos Energija, UAB (hereinafter – the Company, Lietuvos Energija), legal entity code: 301844044, registered office address: Žvejų St. 14, LT-09310 Vilnius
The Board of Lietuvos Energija approved the increase of the Company’s Euro medium term note programme up to EUR 1.5 bn, the second issue of green bonds, and confirmed an updated base prospectus. A EUR-denominated 300-500 million, 7-12 year senior unsecured non-convertible, with a nominal value being no less than EUR 100 000, green bond offering will be public and launched subject to market conditions. Investor meetings in Europe will commence on 25 June.
In May, 2018 Lietuvos Energija, for the second time in a row, was assigned one of the highest credit ratings by a credit rating agency Standard & Poor’s. The company was granted BBB+ corporate credit rating with the stable outlook. The assigned rating is the highest among the peer companies in the Baltic States and second best with respect to the peers in the Eastern Europe.
Lietuvos Energija has mandated BNP Paribas, J. P. Morgan, and SEB as Joint Lead Managers and Joint Bookrunners. Green bond issue will be listed on the Luxembourg and the Nasdaq Vilnius Stock Exchanges.
Last year, Lietuvos Energija successfully issued its debut green bond. Then the Company placed EUR 300 million for the development of green energy projects for a period of 10 years. The second issue reflects that while taking advantage of the favourable capital market conditions, the Company is seeking to diversify the debt portfolio and boost its visibility among investors.
More information: Laura Šebekienė, Head of Corporate Communications of Lietuvos Energija +370 633 99940, email@example.com