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BUCHAREST - Romanian energy company Electrica (BVB:EL) has listed the largest green, corporate, and non-financial bond issue on the Bucharest Stock Exchange (BVB), valued at €500 million, according to a press release statement.
The bonds, trading under the symbol EL30E, were listed Wednesday on the BVB’s Regulated Market. They are registered, non-convertible, unsecured, denominated in euros with a nominal value of €1,000 each, and will mature on July 14, 2030. The bonds carry an annual interest rate of 4.375%.
The bond issue attracted 155 institutional investors from 31 countries. Prior to the BVB listing, the bonds were listed on the Luxembourg Stock Exchange on July 14.
Funds raised will finance or refinance eligible green projects related to renewable electricity, in accordance with Electrica’s Green Financing Framework.
Fitch Ratings assigned a "BBB-" rating to the bonds, consistent with Electrica’s corporate rating.
The bond issuance was coordinated by BCR - Banca Comercială Română, BNP PARIBAS, Citigroup (NYSE:C) Global Markets Europe AG, ING Bank N.V., J.P. Morgan SE, and Raiffeisen Bank International AG as Joint Global Coordinators, with BT Capital Partners (WA:CPAP), Intesa Sanpaolo (OTC:ISNPY) S.p.A., Société Générale (EPA:SOGN), and UniCredit Bank GmbH serving as Joint Bookrunners.
Electrica has been listed on the BVB since 2014 with a current market capitalization exceeding RON 5.7 billion. The company has paid gross dividends totaling RON 2.10 billion since its listing. Electrica shares are included in multiple BVB indices, including the main BET index, as well as FTSE Global All Cap and MSCI Frontier Markets indices.
The company provides electricity distribution, supply, and production services to approximately 4 million users across 18 Romanian counties.
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