On February 15th, 2023 Eesti Energia AS has signed a sustainability linked, amortising term loan contract in the amount of 600 million EUR. The term of the senior unsecured loan is 5 years. The loan is sustainability linked with two ESG KPI’s: carbon intensity of scope 1, 2 and 3 emissions and yearly addition of renewable energy capacity. The purpose of the term loan is to primarily refinance the 500 million EUR bond maturing in September 2023 and supporting Eesti Energia’s carbon neutrality strategy.

Deutsche Bank acted as Initial Mandated Lead Arranger and Sustainability Coordinator on the transaction. A total of 10 financial institutions participated in the transaction as lenders.