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Litgrid AB — Capital/Financing Update 2013
Sep 6, 2013
2262_iss_2013-09-06_2d2c649c-e976-471e-925b-8674de981eb1.html
Capital/Financing Update
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Disclosure 309311
LITGRID AB - Notification on material event
Litgrid AB to sign an agreement with the Nordic Investment Bank
Vilnius, Lithuania, 2013-09-06 08:49 CEST (GLOBE NEWSWIRE) -- The Lithuanian electricity transmission system operator Litgrid AB and Nordic Investment Bank (NIB) intends to sign a 10-year-maturity EUR 22 million loan agreement. The loan aims to finance Litgrid's investment for the reconstruction of the national electricity transmission network and projects aimed to prepare the integration of the power system into the network of Europe enabled by the power links to Sweden (NordBalt) and Poland (LitPol Link). The loan will be funded to finance part of the company's investment projects with the estimated value of EUR 478 million in 2013-2017. NIB is an international financial institution owned by eight member countries including Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. Laura Šebekienė Head of Communications Ph. + 370 693 65377, Email: [email protected]