Eesti Energia’s bonds remind us that financiers can turn pumpkins into pumpkins

Eesti Energia’s 400 million euro hybrid bond with complex conditions is reminiscent of the Cinderella fairy tale, where the fairy temporarily casts a spell on the pumpkin. Financiers are even more powerful than the fairy, as their “telling” often lasts longer than midnight, writes Villu Zirnask, head of Finantsuudized.ee.