Market announcement
AS TALLINNA VESI
LEI code
5493000M6TVS2X0KWC97
Size of the entity
Large group
Economic activities
Water Supply; Sewerage, Waste Management and Remediation Activities
Country of registered office
Estonia
General information
Categories
New loan issues
Unique data record identifier
10417
Submission date and time
09.06.2023 14:28:31
Content of announcement in Estonian
Title
AS Tallinna Vesi ja Põhjamaade Investeerimispank sõlmisid laenulepingu
Message
AS Tallinna Vesi ja Põhjamaade Investeerimispank sõlmisid laenulepingu summas 40 miljonit eurot. Laenulepingu tähtaeg on 09.06.2038 ning laenu saab kasutusele võtta kuni 09.06.2024. Laenuleping on teine pool finantseerimisstruktuurist, millest esimese moodustas 15. mail sõlmitud sündikaatlaenu leping (https://view.news.eu.nasdaq.com/view?id=bab0bcb04506892ddaad90e00b448d6bf&lang= et&src=listed). AS Tallinna Vesi laenulepingud on sõlmitud muutuva intressimääraga euribori baasil. Ettevõte hindab jooksvalt muutuva intressiga seonduvaid riske ning riskimaandamise võimalusi. Uute lepingutega kerkib laenuportfelli keskmine intressi tase 31 baaspunkti. Täiendavad muutused sõltuvad baasintressi muutustest ning väljavõetud laenude osakaalust. Sõlmitud laenulepingutega rahastatakse Seltsi investeeringute teostamist 2023-2025 aastal. Tallinna Vesi investeeringud ulatuvad 2023. aastal 35 miljoni euroni ning lähtuvad ettevõtte strateegiast ja linna ühisveevärgi- ja kanalisatsiooni arendamise kava eesmärkidest. Suuremateks projektideks 2023. aastal on reoveepuhastusjaama metaantankide rekonstrueerimine, elektri ja soojuse koostootmisjaama rajamine, veepuhastusjaama filtrite ja selitite rekonstrueerimine ning investeeringud torustike rekonstrueerimiseks ja rajamiseks. Maria Tiidus AS Tallinna Vesi Kommunikatsioonijuht (+372) 62 62 271 [email protected]
Content of announcement in English
Title
AS Tallinna Vesi and Nordic Investment Bank signed a loan agreement
Message
AS Tallinna Vesi and Nordic Investment Bank signed a loan agreement for EUR 40 million. The loan maturity is on 09.06.2038 and the loan can be drawn down until 09.06.2024. The loan agreement is the second half of a financing structure, the first half of which was a syndicated loan agreement signed on 15 May 2023. Se (https://view.news.eu.nasdaq.com/view?id=bab0bcb04506892ddaad90e00b448d6bf&lang= en)e Company´s (https://view.news.eu.nasdaq.com/view?id=bab0bcb04506892ddaad90e00b448d6bf&lang= en)announcement (https://view.news.eu.nasdaq.com/view?id=bab0bcb04506892ddaad90e00b448d6bf&lang= en) on (https://view.news.eu.nasdaq.com/view?id=bab0bcb04506892ddaad90e00b448d6bf&lang= en)May (https://view.news.eu.nasdaq.com/view?id=bab0bcb04506892ddaad90e00b448d6bf&lang= en) 15, 2023 (https://view.news.eu.nasdaq.com/view?id=bab0bcb04506892ddaad90e00b448d6bf&lang= en). (https://view.news.eu.nasdaq.com/view?id=bab0bcb04506892ddaad90e00b448d6bf&lang= en) The loan agreements of AS Tallinna Vesi are concluded on a variable interest rate basis based on Euribor. The Company assesses the risks associated with variable interest rates and hedging opportunities on an ongoing basis. The new agreements will increase the average interest rate level of the loan portfolio by 31 basis points. Further changes depend on changes in the base rate and the share of loans drawn down. The signed loan agreements will finance the Company's investments in the period 2023-2025. Tallinna Vesi's investments will amount to EUR 35 million in 2023 and are in line with the company's strategy and the objectives of the city's water and wastewater development plan. The major projects in 2023 include the reconstruction of the wastewater treatment plant's methane tanks, the construction of a combined heat and power plant, the reconstruction of the water treatment plant's filters and clarifiers, and investments in the reconstruction and construction of pipelines. Maria Tiidus Head of Communications Tallinna Vesi (+372) 62 62 271 [email protected]