Raidla Ellex has advised Eesti Energia AS in connection with the issuance of EUR 500 million notes due 2023.
According to the firm, concurrently with the issuing of the new notes Eesti Energia AS bought back EUR 248 million worth of bonds with a maturity date in 2018 and EUR 193.7 million 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. Raidla Ellex reports that "over 80 investors participated in the emission."
The Raidla Ellex team was led by Partner Raino Paron and Counsel Triin Frosch.