Eesti Energia AS priced a €300 million five-year senior green bond on Wednesday with a fixed coupon of 4.600%.
The bonds settle on May 28, 2026 and mature on May 28, 2031. They were priced at MS+170 basis points. Expected ratings are Baa3 from Moody's and BBB- from Fitch.
The transaction attracted approximately €1.9 billion in demand from around 150 accounts, an oversubscription ratio of 6.3 times.
The bonds will be listed on the Euro MTF Market of the Luxembourg Stock Exchange. Net proceeds will finance eligible green projects.
CFO Marlen Tamm said, "We are delighted with the outstanding reception of our return to the senior bond market."
