Latvenergo Issues Inaugural EUR 400 Million 5-Year EU Green Bond

COBALT advised Latvenergo AS in connection with the issuance of its inaugural EU Green Bond. Latvenergo AS successfully issued a EUR 400 million 5‑year European Green Bond with a 3.612% coupon on 6 November 2025. The transaction attracted more than 140 investors and achieved total demand of approximately EUR 2.2 billion—about 5.5 times the target—ahead of final pricing, with sustainability‑oriented investors receiving more than half of the allocation. Classified as European Green Bonds, the proceeds will be allocated to projects aligned with the EU Taxonomy in accordance with the European Green Bond Factsheet. The issuance represents Latvenergo’s debut in the international bond markets and establishes several notable milestones: it is the first benchmark‑size EU Green Bond from CEEMEA, the first international Green Bond issued by a Latvian corporate, and the largest corporate bond ever issued by a Latvian company. The notes are admitted to trading on the regulated market of the Luxembourg Stock Exchange and will be admitted to the regulated market of AS Nasdaq Riga. COBALT represented client Latvenergo AS with a team composed by: Partner Edgars Lodziņš (Banking and Finance) and Senior Associate Krišjānis Bušs (Banking and Finance).

Latvenergo Issues Inaugural EUR 400 Million 5-Year EU Green Bond

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads