Eesti Energia signed 70 million EUR loan with EIB

Eesti Energia has signed a new loan agreement with European Investment Bank (EIB) in the amount of 70 million euros to finance investment into the roll-out of a passive fibre access network in Estonia. Maximum tenor of the debt facility is 14 years, availability period of the loan is 3 years. The loan will be disbursed on a needs basis during the availability period by Eesti Energia.

Eesti Energia and European Investment Bank share a long history of co-operation. EIB remains a lender of strategic importance to the Eesti Energia Group. Since 2004 this is the seventh loan agreement signed between Eesti Energia and EIB, following the latest agreement signed back in December 2019 in the amount of 175 million euros.