Bullish indicating open at $55-$60, IPO prices at $37
BUCHAREST - Societatea Energetica Electrica S.A. (Electrica) announced Friday it has received regulatory approval for its bond issuance, a necessary step before the securities can begin trading on the Bucharest Stock Exchange.
The Romanian Financial Supervisory Authority (FSA) issued the Certificate of Registration of Financial Instruments (CIIF) no. OB-6149-1 on July 17, according to a statement from the company.
Electrica, which is listed on the Bucharest Stock Exchange, London Stock Exchange (LON:LSEG) and Luxembourg Stock Exchange, plans to use proceeds from the bond issuance to finance or refinance eligible green projects as defined in the company’s Green Finance Framework.
The energy firm expects the bonds to begin trading on the regulated market operated by the Bucharest Stock Exchange by the end of July 2025.
Electrica has a subscribed and paid-in share capital of RON 3,395,530,040, according to the press release statement.
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