Elenia issues EUR 75 million in secured senior notes

Avance advises Elenia group in connection with the issuance of EUR 75 million in secured senior notes by Elenia Finance Oyj, a fully owned subsidiary of Elenia Oy, through a private placement to an institutional investor in the United States.

Elenia Oy is the second largest electricity distribution network operator in Finland with operations in more than 100 cities and municipalities and approximately 67 000 km of distribution network. In 2014, total electricity distribution volume was&nbsp: 6 112 GWh. Elenia group also includes Elenia Lämpö Oy which is the second largest private seller of district heating in Finland and Elenia Palvelut Oy which operates the customer service business.