The Port of Tallinn plans to use the money from issuing bonds to finance the company's investments, most notably expanding the Muuga Container Terminal and 8th and 9th quays of the Paldiski Southern Port, writes Äripäev.ee/LETA.
On April 15, the Port of Tallinn issued five-year bonds for the total amount of 20 million euros (313 million kroons), with the nominal value of 1,000 euros. It was a directed bonds offering and the issue was fully subscribed by Swedbank AS.
FCO of the Port of Tallinn Marko Raid noted that including loan resources from the local market is a good sign that there is still a preparedness to finance projects and enterprises with solid cash flow. "The services of our ports and the operators working there have always been highly valued for their solid quality, speed of service and cost-efficiency," said Raid.
On April 15, the Port of Tallinn issued five-year bonds for the total amount of 20 million euros (313 million kroons), with the nominal value of 1,000 euros. It was a directed bonds offering and the issue was fully subscribed by Swedbank AS.
FCO of the Port of Tallinn Marko Raid noted that including loan resources from the local market is a good sign that there is still a preparedness to finance projects and enterprises with solid cash flow. "The services of our ports and the operators working there have always been highly valued for their solid quality, speed of service and cost-efficiency," said Raid.