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BUCHAREST - Romanian energy company Societatea Energetică Electrica S.A. ("Electrica") has completed a €500 million green bond offering without any market stabilisation measures, according to a notice issued Tuesday by J.P. Morgan S.E.
The 5-year senior unsecured green notes were priced at 99.163% of face value. The bonds will be listed on the Luxembourg Stock Exchange.
J.P. Morgan S.E. served as the stabilisation coordinator for the offering but reported that "no stabilisation was undertaken" for the securities. This indicates the offering achieved sufficient market demand without requiring price support interventions.
The bond issuance was managed by a syndicate of nine financial institutions, including J.P. Morgan S.E., Banca Comerciala Romana (Erste), BNP Paribas (OTC:BNPQY), Citigroup (NYSE:C), ING, Raiffeisen Bank International, BT Capital Partners (WA:CPAP), IMI-Intesa Sanpaolo, and Societe Generale (OTC:SCGLY).
The securities were issued under Regulation S as registered notes and categorized as "Category 1," meaning they were not offered to U.S. investors.
This green bond issuance represents Electrica’s commitment to financing environmentally sustainable projects, joining the growing trend of European utilities raising capital through green financial instruments.
The announcement follows a pre-stabilisation notice issued on July 7, 2025, and was disclosed through the news service of the London Stock Exchange (LON:LSEG).
According to the press release statement, the bonds were offered exclusively outside the United States in compliance with applicable securities regulations.
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