Today, on the 27th of September 2017, AS Tallinna Vesi refinanced its long-term loan in a total amount of 37.5 million euros.
The 5-year loan agreement was signed with OP Corporate Bank plc Estonian Branch. The maturity date for the refinanced loan would have arrived in November 2018. Refinancing has induced a decrease in AS Tallinna Vesi’s loan interest risk margin from 0.95% to 0.79%.
The total long-term loan liabilities of the Company have remained unchanged and continue to be at 95 million euros.