Considering the successfully implemented bond issues and the high interest from the investors, to secure an additional source of funding for the Latvenergo Group long-term capital investment programme, on 19 April 2013 Latvenergo AS shareholder decided to amend the shareholder’s decision of 13 June 2012 by increasing the aggregate principal amount of debt securities (bonds) issued under Latvenergo AS bond programme by 35 million lats or its equivalent in euro currency. Consequently, the aggregate principal amount of bonds to be issued under Latvenergo AS bond programme is increased up to 85 million lats or its equivalent in euro currency.   

By increasing the aggregate principal amount of bonds, Latvenergo AS will be able to provide the necessary financing needs for the planned investment projects, meanwhile ensuring greater diversification of financing sources.   
 
Additional information:
 
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
 
E-mail: investor.relations@latvenergo.lv
 
www.latvenergo.lv/investors/eng
 
 
 
About Latvenergo:
 
The Latvenergo Group is the largest power supply merchant in the Baltics, engaging in electricity generation and trade as well as providing electricity distribution and management of transmission system assets. Latvenergo holds one-third of the entire Baltic electricity market. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several years in a row. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa3/stable.

The Latvenergo Group includes the parent company Latvenergo AS (electricity generation and trade, thermal energy generation) and its subsidiaries Latvijas elektriskie tīkli AS (management of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity trade in Estonia), Elektrum Lietuva UAB (electricity trade in Lithuania) and Liepājas enerģija SIA (thermal energy generation and trade, electricity generation), as well as Elektrum Latvija SIA, a subsidiary of Elektrum Eesti OÜ.