Latvenergo borrows 90 million lats in the short term. euro

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The agreements have been concluded with the Latvian branch of OP Corporate Bank plc in the amount of 60 million. euro and with AS “SEB Bank “for an amount of EUR 30 million. Both agreements have a term of up to two years.

A procurement was organized for concluding short-term loan agreements, within the framework of which the Latvian branch of OP Corporate Bank plc and AS SEB banka were recognized as the winners.

Latvenergo AS raises capital on a planned and regular basis, providing timely financing for both capital investments and liquidity management. Credit Rating Agency »Moody’sLatvenergo AS has assigned an investment grade credit rating of Baa2 with a stable outlook, which indicates the Group’s stability and financial reliability.

The Latvenergo Group is one of the largest energy traders in the Baltics, engaged in the production and sale of electricity and heat, the sale of natural gas and the provision of electricity distribution services.

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