"The excellent result of Latvenergo's bond placement shows that our Baltic market is going hand in hand with the European trend as we see a surge in the corporate bond market nowadays," Arminta Saladžienė said in a press release.
Latvenergo's first-ever bond issue was almost five times oversubscribed. The bond pays an annual coupon rate of 2.8 percent, according to the press release.
"We are convinced that the home market is the best place for Baltic companies to be listed," Saladžienė said.
The bond issue on Wednesday will be added to the NASDAQ OMX Baltic Bond list.
Latvian investors purchased 80 percent of the bond issue. Some 10 percent went to Lithuanian investors and the remaining 10 percent to Estonian investors.
Latvenergo is the fourth company to list its bonds on the Baltic market in the past 12 months.
