Market announcement
Eesti Energia AS
LEI code
5493005044RTLQ5RZU70
Size of the entity
Large group
Economic activities
Electricity, Gas, Steam and Air Conditioning Supply, Telecommunication, Computer Programming, Consulting, Computing Infrastructure, and other Information Service Activities, Real Estate Activities, Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Press release
Unique data record identifier
18622
Submission date and time
20.05.2026 10:36:31
Content of announcement in Estonian
Title
Eesti Energia AS 5yr Senior Green WNG EUR 300mn Bond – IPTs MS+200bps area
Message
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO PERSONS LOCATED
IN THE UNITED STATES (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES
ACT) OR TO ENTITIES IN CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION
WHICH PROHIBITS THE SAME EXCEPT IN COMPLIANCE WITH APPLICABLE LAW.
+-----------------------------+------------------------------------------------+
|Issuer: |Eesti Energia AS |
+-----------------------------+------------------------------------------------+
|Issuer LEI: |5493005044RTLQ5RZU70 |
+-----------------------------+------------------------------------------------+
|Issuer Ratings (M/F): |Baa3 st / BBB- st |
+-----------------------------+------------------------------------------------+
|Exp Instrument Ratings (M/F):|Baa3 / BBB- |
+-----------------------------+------------------------------------------------+
| |The Notes and the Coupons constitute direct, |
| |unconditional and unsecured obligations of the |
| |Issuer and will rank pari passu, without any |
| |preference among themselves, with all other |
|Status of the Notes: |outstanding unsecured and unsubordinated |
| |obligations of the Issuer, present and future, |
| |but, in the event of insolvency, only to the |
| |extent permitted by applicable laws relating to |
| |creditors' rights |
+-----------------------------+------------------------------------------------+
|Format: |Reg. S, bearer form (TEFRA D rules apply, no |
| |communications with or into the U.S.) |
+-----------------------------+------------------------------------------------+
|Currency: |EUR |
+-----------------------------+------------------------------------------------+
|Size: |EUR 300mn (WNG) |
+-----------------------------+------------------------------------------------+
|Maturity: |5-year |
+-----------------------------+------------------------------------------------+
|IPTs: |MS+200bps area |
+-----------------------------+------------------------------------------------+
|Settlement Date: |28 May 2026 (T+5) |
+-----------------------------+------------------------------------------------+
|Maturity Date: |28 May 2031 |
+-----------------------------+------------------------------------------------+
|Interest: |[?]% Fixed Rate |
+-----------------------------+------------------------------------------------+
|Day Count Fraction: |Actual/Actual (ICMA) |
+-----------------------------+------------------------------------------------+
| |Interest in respect of the Notes will be payable|
| |annually in arrear on 28 May in each year |
|Interest Payment Date: |commencing on 28 May 2027 and ending on the |
| |Maturity Date (unless the Notes are previously |
| |redeemed or purchased and cancelled) |
+-----------------------------+------------------------------------------------+
|ISIN: |XS3338741567 |
+-----------------------------+------------------------------------------------+
|Denominations: |EUR 100,000 + EUR 1,000 up to and including EUR |
| |199,000 |
+-----------------------------+------------------------------------------------+
| |Unless previously redeemed, or purchased and |
|Redemption: |cancelled, the Notes will be redeemed at their |
| |principal amount on the Maturity Date |
+-----------------------------+------------------------------------------------+
| |The Issuer may, at its option: (a) redeem the |
| |Notes in whole, but not in part, where a |
| |Withholding Tax Event has occurred and is |
| |continuing, or a Substantial Repurchase Event |
| |has occurred, in each case, at their principal |
| |amount together with any accrued and unpaid |
|Optional Redemption: |interest; or (b) redeem the Notes in whole, but |
| |not in part (i) at any time prior to the [par |
| |call date] at the Make-Whole Redemption Amount; |
| |and (ii) from and including the [par call date] |
| |to but excluding the Maturity Date, at their |
| |principal amount together with any accrued and |
| |unpaid interest |
+-----------------------------+------------------------------------------------+
| |The Trustee may, without the consent of the |
| |Holders, agree with the Issuer to the |
| |substitution in place of the Issuer (or of any |
| |previous substitute) of any other company being |
| |a Subsidiary of the Issuer as the principal |
|Substitution: |debtor under the Notes, subject to certain |
| |conditions, including the Notes being |
| |unconditionally and irrevocably guaranteed by |
| |the Issuer and the Trustee being satisfied that |
| |the interests of the Holders will not be |
| |materially prejudiced by the substitution |
+-----------------------------+------------------------------------------------+
|Documentation: |Preliminary Offering Circular dated 18 May 2026 |
+-----------------------------+------------------------------------------------+
|Governing Law: |English Law |
+-----------------------------+------------------------------------------------+
|Listing: |Euro MTF Market of the Luxembourg Stock Exchange|
+-----------------------------+------------------------------------------------+
|Clearing: |Euroclear and Clearstream, Luxembourg |
+-----------------------------+------------------------------------------------+
|Global Coordinator: |Goldman Sachs Bank Europe SE |
+-----------------------------+------------------------------------------------+
|Joint Lead Managers: |Goldman Sachs Bank Europe SE, AS LHV Pank |
+-----------------------------+------------------------------------------------+
| |The Issuer has received an expression of |
| |interest from a number of international |
|IFIs Participation: |financial institutions ("IFIs"), who may elect |
| |in their discretion to place an order to |
| |participate in the offering |
+-----------------------------+------------------------------------------------+
| |The Issuer intends to apply an amount equivalent|
|Use of Proceeds: |to the net proceeds of the issue of the Notes to|
| |finance and/or refinance in whole or in part, |
| |new or existing Eligible Green Projects |
+-----------------------------+------------------------------------------------+
| |Eligible counterparties and professional clients|
| |only (all distribution channels). No EEA key |
|MiFID II Target Market: |information document (KID) or disclosure |
| |document required by the FCA Product Disclosure |
| |Sourcebook has been prepared as not available to|
| |retail in EEA or UK. |
+-----------------------------+------------------------------------------------+
| |There are restrictions on the distribution of |
| |this Offering Circular and the offer or sale of |
|Selling Restrictions: |the Notes in the United States, the EEA, the UK,|
| |Estonia, Belgium and Singapore, among other |
| |jurisdictions |
+-----------------------------+------------------------------------------------+
| |The final Offering Circular, when published, |
| |will be available on the website of the |
| |Luxembourg Stock Exchange and on the Eesti |
| |Energia website |
| |at https://www.enefit.com/en/ettevottest/investo|
| |rile |
| |(https://eur03.safelinks.protection.outlook.com/|
|Advertisement: |?url=https%3A%2F%2Fwww.enefit.com%2Fen%2Fettevot|
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+-----------------------------+------------------------------------------------+
| |Direct |
| |Link: www.netroadshow.com/nrs/home/#!/?show=7490|
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|Marketing: |YXgzbLTMTw4R%2BpZu3RvX1LjXQ%3D&reserved=0) (Recommended)
| | |
| |URL: www.netroadshow.com |
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| |C5%2Fd6R6svbpdNF31kyCKtoY%3D&reserved=0) |
| |Entry Code: Eesti2026 (not case-sensitive) |
+-----------------------------+------------------------------------------------+
|Timing: |Books open, today's business |
+-----------------------------+------------------------------------------------+
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES.
This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States or any
jurisdiction in which such offer or solicitation or sale would be unlawful.
Securities may not be offered or sold within the United States or to U.S.
persons absent registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended, and the rules and regulations thereunder.
Any offering of securities to be made outside the United States will be made by
means of a preliminary Offering Circular and final Offering Circular which will
be available when published on the website of the Luxembourg Stock Exchange and
on the Eesti Energia
website at https://www.enefit.com/en/ettevottest/investorile
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.co
m%2Fv3%2F__https%3A%2Fwww.enefit.com%2Fen%2Fettevottest%2Finvestorile__%3B!!O2kD
R7mm-zSJ!vpPODox-N1PqKfPfT4koko653a6UdUz-VUGp6Zeab5mG26wwvTQ5EUIOZAN-
qYhHbbtnUclqOpXimGsq2Ji7v30sTcc%24&data=05%7C02%7CMarkus.Roogna%40enefit.com%7C3
f2dc201abb241eb8e1808deb63ecd5f%7C15cd778b2b284ebc956cb5977a36cd28%7C0%7C0%7C639
148578808890450%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAw
MCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=lL2K5FFk
JRYV5bYLigSBNLzWk56P9abohbJlkC5UCmk%3D&reserved=0). Eesti Energia AS has not
registered and does not intend to register any securities in the United States,
and no public offering of securities will be made in the United States or in any
other jurisdiction where such an offering is restricted or prohibited
This announcement is being distributed only to and directed only at: (i) persons
who are outside the United Kingdom, (ii) persons who have professional
experience in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended (the "Order"), or (iii) persons falling with Article 49(2)(a) to (d) of
the Order, or (iv) persons in the United Kingdom in circumstances where section
21 of the Financial Services and Markets Act 2000 (as amended) does not apply
(all such persons together being referred to as "relevant persons"). The
announcement must not be acted on or relied on by persons who are not relevant
persons. Any investment or investment activity to which this announcement
relates is available only to, and will be engaged in only with, relevant persons
(and subject to any other applicable restrictions).
Relevant stabilisation regulations including FCA/ICMA Stabilisation apply.
A rating is not a recommendation to buy, sell or hold securities. Ratings may be
subject to revision, suspension, change or withdrawal at any time by the
assigning rating agency.
None of the Joint Lead Managers makes any representation, warranty or
undertaking, express or implied, as to (i) whether the securities will satisfy
any present or future investor expectations or requirements with respect to
environmental, sustainability or green criteria, (ii) whether an amount
equivalent to the net proceeds of the issuance of the securities will be used to
finance and/or refinance in relevant eligible green projects, including their
green criteria or (iii) the characteristics of relevant eligible green projects,
or businesses to which an amount equivalent to the net proceeds of the
securities are applied or invested, including their green characteristics.
None of the Joint Lead Managers is responsible for any assessment of the
eligibility criteria, any verification of whether the eligible green projects
meet the eligibility criteria, or the monitoring of the use of proceeds.
Investors should refer to the Offering Circular and should determine for
themselves the relevance of the information contained in the Offering Circular
regarding the use of proceeds and its investment in the securities should be
based upon such investigation as it deems necessary.
Any information on, or accessible through, the Issuer's website or any other
website mentioned in this communication or any website directly or indirectly
linked to these websites, and the information in the Issuer's Green Financing
Framework or Second Party Opinion, has not been verified and does not constitute
or form part of any offer or invitation to sell or issue, or any solicitation of
any offer to purchase or subscribe for, any securities and does not form a part
of the Offering Circular, save in each case to the extent that any such
information is expressly included or incorporated by reference in the Offering
Circular.
None of the Issuer's Green Finance Framework or any Second Party Opinion
provided in respect of the Issuer's Framework or any related reports,
verification assessments or the contents of the Issuer's website are
incorporated in, or form part of, the Offering Circular or this document and
should not be relied upon in connection with making any investment decision with
respect to the securities.
In addition, no assurance or representation is given by the Joint Lead Managers
or any other person to investors as to the suitability or reliability for any
purpose whatsoever of any opinion, report or certification of any third party in
connection with the offering of the securities.
Certain Goldman Sachs entities have subscribed to the FMSB Standard for the
sharing of investor allocation information in the fixed income primary markets
(outlined in this report: Sharing-of-Investor-Allocation-Information-21.01.22-
CLEAN-FINAL.pdf
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.co
m%2Fv3%2F__https%3A%2Ffmsb.com%2Fwp-content%2Fuploads%2F2022%2F02%2FSharing-of-
Investor-Allocation-Information-21.01.22-CLEAN-
FINAL.pdf__%3B!!AcBi8707M5M!vZFjw6Ciwd_Lcz8TZhO1xT27kB1uxFTJ-
vzQqmkwxZdrGCaVZKa3UmDW5a0yG0HSGHRXBoOUbcIn23IkLMJ69weI%24&data=05%7C02%7CMarkus
.Roogna%40enefit.com%7C3f2dc201abb241eb8e1808deb63ecd5f%7C15cd778b2b284ebc956cb5
977a36cd28%7C0%7C0%7C639148578808907494%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGki
OnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0
%7C%7C%7C&sdata=dAQrSaqvCaY2rhJm%2Fko5LsGkYiRjweqV9UFaUtdCtas%3D&reserved=0) (fmsb.com)).
If you wish to opt out from having any investor allocations in the orderbook
shared with our secondary trading desk, please respond in writing to your
Goldman Sachs Sales contact.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO
THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES
WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA
BLOOMBERG OR ANOTHER EMAIL SYSTEM
Content of announcement in English
Title
Eesti Energia AS 5yr Senior Green WNG EUR 300mn Bond – IPTs MS+200bps area
Message
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO PERSONS LOCATED
IN THE UNITED STATES (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES
ACT) OR TO ENTITIES IN CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION
WHICH PROHIBITS THE SAME EXCEPT IN COMPLIANCE WITH APPLICABLE LAW.
+-----------------------------+------------------------------------------------+
|Issuer: |Eesti Energia AS |
+-----------------------------+------------------------------------------------+
|Issuer LEI: |5493005044RTLQ5RZU70 |
+-----------------------------+------------------------------------------------+
|Issuer Ratings (M/F): |Baa3 st / BBB- st |
+-----------------------------+------------------------------------------------+
|Exp Instrument Ratings (M/F):|Baa3 / BBB- |
+-----------------------------+------------------------------------------------+
| |The Notes and the Coupons constitute direct, |
| |unconditional and unsecured obligations of the |
| |Issuer and will rank pari passu, without any |
| |preference among themselves, with all other |
|Status of the Notes: |outstanding unsecured and unsubordinated |
| |obligations of the Issuer, present and future, |
| |but, in the event of insolvency, only to the |
| |extent permitted by applicable laws relating to |
| |creditors' rights |
+-----------------------------+------------------------------------------------+
|Format: |Reg. S, bearer form (TEFRA D rules apply, no |
| |communications with or into the U.S.) |
+-----------------------------+------------------------------------------------+
|Currency: |EUR |
+-----------------------------+------------------------------------------------+
|Size: |EUR 300mn (WNG) |
+-----------------------------+------------------------------------------------+
|Maturity: |5-year |
+-----------------------------+------------------------------------------------+
|IPTs: |MS+200bps area |
+-----------------------------+------------------------------------------------+
|Settlement Date: |28 May 2026 (T+5) |
+-----------------------------+------------------------------------------------+
|Maturity Date: |28 May 2031 |
+-----------------------------+------------------------------------------------+
|Interest: |[?]% Fixed Rate |
+-----------------------------+------------------------------------------------+
|Day Count Fraction: |Actual/Actual (ICMA) |
+-----------------------------+------------------------------------------------+
| |Interest in respect of the Notes will be payable|
| |annually in arrear on 28 May in each year |
|Interest Payment Date: |commencing on 28 May 2027 and ending on the |
| |Maturity Date (unless the Notes are previously |
| |redeemed or purchased and cancelled) |
+-----------------------------+------------------------------------------------+
|ISIN: |XS3338741567 |
+-----------------------------+------------------------------------------------+
|Denominations: |EUR 100,000 + EUR 1,000 up to and including EUR |
| |199,000 |
+-----------------------------+------------------------------------------------+
| |Unless previously redeemed, or purchased and |
|Redemption: |cancelled, the Notes will be redeemed at their |
| |principal amount on the Maturity Date |
+-----------------------------+------------------------------------------------+
| |The Issuer may, at its option: (a) redeem the |
| |Notes in whole, but not in part, where a |
| |Withholding Tax Event has occurred and is |
| |continuing, or a Substantial Repurchase Event |
| |has occurred, in each case, at their principal |
| |amount together with any accrued and unpaid |
|Optional Redemption: |interest; or (b) redeem the Notes in whole, but |
| |not in part (i) at any time prior to the [par |
| |call date] at the Make-Whole Redemption Amount; |
| |and (ii) from and including the [par call date] |
| |to but excluding the Maturity Date, at their |
| |principal amount together with any accrued and |
| |unpaid interest |
+-----------------------------+------------------------------------------------+
| |The Trustee may, without the consent of the |
| |Holders, agree with the Issuer to the |
| |substitution in place of the Issuer (or of any |
| |previous substitute) of any other company being |
| |a Subsidiary of the Issuer as the principal |
|Substitution: |debtor under the Notes, subject to certain |
| |conditions, including the Notes being |
| |unconditionally and irrevocably guaranteed by |
| |the Issuer and the Trustee being satisfied that |
| |the interests of the Holders will not be |
| |materially prejudiced by the substitution |
+-----------------------------+------------------------------------------------+
|Documentation: |Preliminary Offering Circular dated 18 May 2026 |
+-----------------------------+------------------------------------------------+
|Governing Law: |English Law |
+-----------------------------+------------------------------------------------+
|Listing: |Euro MTF Market of the Luxembourg Stock Exchange|
+-----------------------------+------------------------------------------------+
|Clearing: |Euroclear and Clearstream, Luxembourg |
+-----------------------------+------------------------------------------------+
|Global Coordinator: |Goldman Sachs Bank Europe SE |
+-----------------------------+------------------------------------------------+
|Joint Lead Managers: |Goldman Sachs Bank Europe SE, AS LHV Pank |
+-----------------------------+------------------------------------------------+
| |The Issuer has received an expression of |
| |interest from a number of international |
|IFIs Participation: |financial institutions ("IFIs"), who may elect |
| |in their discretion to place an order to |
| |participate in the offering |
+-----------------------------+------------------------------------------------+
| |The Issuer intends to apply an amount equivalent|
|Use of Proceeds: |to the net proceeds of the issue of the Notes to|
| |finance and/or refinance in whole or in part, |
| |new or existing Eligible Green Projects |
+-----------------------------+------------------------------------------------+
| |Eligible counterparties and professional clients|
| |only (all distribution channels). No EEA key |
|MiFID II Target Market: |information document (KID) or disclosure |
| |document required by the FCA Product Disclosure |
| |Sourcebook has been prepared as not available to|
| |retail in EEA or UK. |
+-----------------------------+------------------------------------------------+
| |There are restrictions on the distribution of |
| |this Offering Circular and the offer or sale of |
|Selling Restrictions: |the Notes in the United States, the EEA, the UK,|
| |Estonia, Belgium and Singapore, among other |
| |jurisdictions |
+-----------------------------+------------------------------------------------+
| |The final Offering Circular, when published, |
| |will be available on the website of the |
| |Luxembourg Stock Exchange and on the Eesti |
| |Energia website |
| |at https://www.enefit.com/en/ettevottest/investo|
| |rile |
| |(https://eur03.safelinks.protection.outlook.com/|
|Advertisement: |?url=https%3A%2F%2Fwww.enefit.com%2Fen%2Fettevot|
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+-----------------------------+------------------------------------------------+
| |Direct |
| |Link: www.netroadshow.com/nrs/home/#!/?show=7490|
| |7098 |
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| |1eb8e1808deb63ecd5f%7C15cd778b2b284ebc956cb5977a|
| |36cd28%7C0%7C0%7C639148578808872194%7CUnknown%7C|
| |TWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAu|
| |MDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoy|
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| |C5%2Fd6R6svbpdNF31kyCKtoY%3D&reserved=0) |
| |Entry Code: Eesti2026 (not case-sensitive) |
+-----------------------------+------------------------------------------------+
|Timing: |Books open, today's business |
+-----------------------------+------------------------------------------------+
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES.
This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States or any
jurisdiction in which such offer or solicitation or sale would be unlawful.
Securities may not be offered or sold within the United States or to U.S.
persons absent registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended, and the rules and regulations thereunder.
Any offering of securities to be made outside the United States will be made by
means of a preliminary Offering Circular and final Offering Circular which will
be available when published on the website of the Luxembourg Stock Exchange and
on the Eesti Energia
website at https://www.enefit.com/en/ettevottest/investorile
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R7mm-zSJ!vpPODox-N1PqKfPfT4koko653a6UdUz-VUGp6Zeab5mG26wwvTQ5EUIOZAN-
qYhHbbtnUclqOpXimGsq2Ji7v30sTcc%24&data=05%7C02%7CMarkus.Roogna%40enefit.com%7C3
f2dc201abb241eb8e1808deb63ecd5f%7C15cd778b2b284ebc956cb5977a36cd28%7C0%7C0%7C639
148578808890450%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAw
MCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=lL2K5FFk
JRYV5bYLigSBNLzWk56P9abohbJlkC5UCmk%3D&reserved=0). Eesti Energia AS has not
registered and does not intend to register any securities in the United States,
and no public offering of securities will be made in the United States or in any
other jurisdiction where such an offering is restricted or prohibited
This announcement is being distributed only to and directed only at: (i) persons
who are outside the United Kingdom, (ii) persons who have professional
experience in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended (the "Order"), or (iii) persons falling with Article 49(2)(a) to (d) of
the Order, or (iv) persons in the United Kingdom in circumstances where section
21 of the Financial Services and Markets Act 2000 (as amended) does not apply
(all such persons together being referred to as "relevant persons"). The
announcement must not be acted on or relied on by persons who are not relevant
persons. Any investment or investment activity to which this announcement
relates is available only to, and will be engaged in only with, relevant persons
(and subject to any other applicable restrictions).
Relevant stabilisation regulations including FCA/ICMA Stabilisation apply.
A rating is not a recommendation to buy, sell or hold securities. Ratings may be
subject to revision, suspension, change or withdrawal at any time by the
assigning rating agency.
None of the Joint Lead Managers makes any representation, warranty or
undertaking, express or implied, as to (i) whether the securities will satisfy
any present or future investor expectations or requirements with respect to
environmental, sustainability or green criteria, (ii) whether an amount
equivalent to the net proceeds of the issuance of the securities will be used to
finance and/or refinance in relevant eligible green projects, including their
green criteria or (iii) the characteristics of relevant eligible green projects,
or businesses to which an amount equivalent to the net proceeds of the
securities are applied or invested, including their green characteristics.
None of the Joint Lead Managers is responsible for any assessment of the
eligibility criteria, any verification of whether the eligible green projects
meet the eligibility criteria, or the monitoring of the use of proceeds.
Investors should refer to the Offering Circular and should determine for
themselves the relevance of the information contained in the Offering Circular
regarding the use of proceeds and its investment in the securities should be
based upon such investigation as it deems necessary.
Any information on, or accessible through, the Issuer's website or any other
website mentioned in this communication or any website directly or indirectly
linked to these websites, and the information in the Issuer's Green Financing
Framework or Second Party Opinion, has not been verified and does not constitute
or form part of any offer or invitation to sell or issue, or any solicitation of
any offer to purchase or subscribe for, any securities and does not form a part
of the Offering Circular, save in each case to the extent that any such
information is expressly included or incorporated by reference in the Offering
Circular.
None of the Issuer's Green Finance Framework or any Second Party Opinion
provided in respect of the Issuer's Framework or any related reports,
verification assessments or the contents of the Issuer's website are
incorporated in, or form part of, the Offering Circular or this document and
should not be relied upon in connection with making any investment decision with
respect to the securities.
In addition, no assurance or representation is given by the Joint Lead Managers
or any other person to investors as to the suitability or reliability for any
purpose whatsoever of any opinion, report or certification of any third party in
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Investor-Allocation-Information-21.01.22-CLEAN-
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