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On 4 June 2025, SIA “Rīgas ūdens” successfully completed a public offering of 5-year European green bonds in the amount of EUR 20 million, with a fixed annual interest rate (coupon) of 4%. This is the company’s first bond issuance under its planned EUR 60 million bond programme. The bonds were available for purchase by both retail and institutional investors across the Baltics. Each bond has a nominal value of EUR 100, and coupon payments are made quarterly.
Investor interest in SIA “Rīgas ūdens” bonds was significant, with demand exceeding the issued volume by 228%.
SIA “Rīgas ūdens” has become the first municipal company in Latvia to raise funding via the capital markets, as well as the first company in Northern Europe to issue bonds in accordance with the European Green Bond (EuGB) standard.
The “Rīgas ūdens” European Green Bond (EuGB) programme complies with the requirements of Regulation (EU) 2023/2631 and aims to finance projects that are fully aligned with the EU taxonomy in the following five categories:
Wastewater collection and treatment
Reduction of water losses in the supply system
Renewable energy generation
Biogas production for electricity and heat generation
Implementation of energy efficiency recommendations and improvements
Coupon payments are made on 4 March, 4 June, 4 September, and 4 December each year.
The bonds will be redeemed at par in full on 4 June 2030.
European Green Bond Fact Sheet