Iseteenindus

Eesti Energia Tender Offer for 2023 Eurobonds

16.05.2022

Deutsche Bank announces Tender Offer for
Eesti Energia Aktsiaselts’ €500,000,000 2.384 per cent. Notes due 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE "OFFER AND DISTRIBUTION RESTRICTIONS" BELOW)

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (EUWA).

16 May 2022. Deutsche Bank Aktiengesellschaft (the Offeror) today announces an invitation to holders of the outstanding €500,000,000 2.384 per cent. Notes due 2023 (ISIN: XS1292352843) (the Notes) of Eesti Energia Aktsiaselts (the Company) to tender their Notes for purchase by the Offeror for cash (such invitation, the Offer). The Offer is being made on the terms and subject to the conditions contained in the tender offer memorandum dated 16 May 2022 (the Tender Offer Memorandum), and is subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum.

Copies of the Tender Offer Memorandum are (subject to distribution restrictions) available from the Tender Agent as set out below. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

Summary of the Offer

Description of the Notes ISIN / Common Code Outstanding Nominal Amount Benchmark Purchase Spread Amount subject to the Offer
€500,000,000 2.384 per cent. Notes due 2023 XS1292352843 / 129235284 €500,000,000 Interpolated Mid-Swap Rate 170 bps An aggregate nominal amount to be determined by the Offeror, which is expected to be equal to the nominal amount of the New Notes, and announced by the Offeror as set out herein and in the Tender Offer Memorandum

Read more about the offer » London Stock Exchange announcement »
Rasmus Noormägi
Head of Investor Relations and Treasury
Eesti Energia AS
Lelle 22, 11318 Tallinn
Tel +372 465 2885
rasmus.noormagi@energia.ee