Today, on the 21(st) of November 2019, AS Tallinna Vesi repaid its long-term
loan in a total amount of 37.5 million euros to Nordea Bank and entered into the
new loan contract in the amount of 37.5 million euros with Nordic Investment
Bank to finance its investment program.
AS Tallinna Vesi had the loan from Nordea Bank in the amount of 37.5 million
euros due in 2020. Today on 21(st) November 2019, the Company repaid the loan
back prematurely. At the same time AS Tallinna Vesi entered into the new 15-year
loan contract with Nordic Investment Bank for the amount of 37.5 million euros
to finance its investment program. As a result AS Tallinna Vesi's average loan
interest risk margin will decrease from 0.79% to 0.65%.
The total long-term loan liabilities of the Company at the end of November 2019
amounts to to 91.4 million euros.
Riina Käi
Chief Financial Officer
AS Tallinna Vesi
(+372) 626 2262
riina.kai@tvesi.ee
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