„The loan will be used for refinancing outstanding loans and financing the investment program,“ it said in a statement published on the NASDAQ OMX Vilnius website.
SEB won a tender announced by Lesto by offering the lowest interest margin, at 1.18 percent.
The power distribution company last May borrowed 55 million euros for two years from SEB Bankas and Nordea Bank for the same purpose. In October 2011, it borrowed 66.7 million euros from Nordea Bank to repay outstanding loans from three local banks.
