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BUCHAREST - Romanian energy company Societatea Energetică Electrica S.A. announced Monday that its inaugural €500 million green bond issuance has successfully closed and the bonds have been admitted to trading on the Luxembourg Stock Exchange.
The senior unsecured green bonds carry a 4.375% coupon rate and have a five-year maturity date of July 14, 2030, according to a company press release.
Fitch Ratings has assigned the bonds a ’BBB-’ rating, consistent with the expected rating the agency announced on July 2.
Proceeds from the issuance will finance or refinance eligible green projects as defined in Electrica’s Green Finance Framework, primarily focused on developing the company’s green production and electricity storage capacity.
The bonds are expected to be admitted to trading on the Bucharest Stock Exchange in early August 2025.
This represents Electrica’s first green bond issuance, with the company making relevant documentation including the prospectus, green finance framework, and deed of covenants available on its corporate website.
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