Slaughter and May advised Eesti Energia - intermediated tender offer and note issue

Slaughter and May advised Eesti Energia Aktsiaselts on its recent intermediated tender offer and issue of EUR 500,000,000 2.384% notes due September 2023. The new note issue represents the first ever benchmark Eurobond transaction for Eesti Energia.

The tender offer was made by Deutsche Bank AG, London Branch for Eesti Energia's EUR 400,000,000 4.250% notes due 2018 and EUR 300,000,000 4.5% notes due 2020.

The joint lead managers and joint bookrunners for the new note issue and dealer managers for the tender offer were Barclays Bank Plc, Deutsche Bank AG, London Branch and Nordea Bank Danmark AS. Swedbank AB (publ) was a co-manager for the new note issue.

Raidla Ellex advised Eesti Energia on matters of Estonian law.