Source Pravda.Ru

Eesti Energia Planning $200 Million Eurobond Sale

Estonia's state owned electricity provider today began meetings with investors ahead of a debut Eurobond sale to fund a program to cut emissions from its Soviet-era power plants in line with European Union rules.

Eesti Energia AS plans sell as much as 200 million euros ($198 million) of seven or 10 year bonds, said Heido Vitsur, adviser to the Ministry of Economics. Company officials are meeting investors in Helsinki today before visiting Germany and other European countries next week, said Anne Kallaste, assistant to the chairman of the company's management board.

The Eurobonds, being underwritten by Schroder Salomon Smith Barney, are the first to be issued by an Estonian company since the government entered international capital markets last month, with a sale of 100 million euros of bonds.

The government's five-year bonds, which have the same credit ratings as Eesti Energia's planned bond, recently traded at prices to yield 5.1 percent.

©

&to=http://www.energia.ee/et/esileht' target=_blank>Eesti Energia

Comments
Putin dislikes the idea of US army bases coming to Kuril Islands
USA plays to pretend a mighty dragon that can no longer breathe fire
Brexit: The UK's misunderstanding of Democracy
Putin dislikes the idea of US army bases coming to Kuril Islands
Madrid, shame on you!
Brexit: The UK's misunderstanding of Democracy
Putin dislikes the idea of US army bases coming to Kuril Islands
Russians lose faith in their future, get ready for worse
Capital outflow from Russia sets new records
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Putin dislikes the idea of US army bases coming to Kuril Islands
Men's presence in maternity wards during childbirth considered shameful in Russia
Macron challenges Trump. French independence and croissants at stake
Russia’s sanctions against Ukraine send message to Washington
Russia sells arms to Asia to maintain peace in the world
The Amazon and the New Conquistadores
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Castro sued over alleged torture
Macron challenges Trump. French independence and croissants at stake
Castro sued over alleged torture
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets