Slaughter and May advised Eesti Energia AS on a EUR 100,000,000 tap of its existing EUR 300,000,000 4.250% notes due 2018. The new notes were issued on 30 January 2014 and bring the total principal amount of its 4.250% notes due 2018 to EUR 400,000,000. The net proceeds of the new notes are to be used for Eesti Energia’s general corporate purposes, including financing Eesti Energia’s capital expenditure programme.

Deutsche Bank and Nordea Markets acted as Joint Bookrunners.

Slaughter and May worked as a team with Raidla Lejins & Norcous who advised on Estonian law. Clifford Chance LLP advised the Joint Bookrunners, the Trustee and the Paying Agent.

CONTACTS

Financing: Philip Snell (partner), Daniel Tan (associate), Chris Wilkins (trainee)