Simtel prepares to launch multi-million bond sale program

Business Forum
Romania engineering group Simtel, specialized in the renewable energy field, plans to launch as early as next week its first corporate bond sale as part of a wider package approved by the Financial Supervisory Authority (ASF).

Simtel is preparing to raise up to €30 million from a mix of bond sales that will be in RON or denominated in euros, linked to sustainability goals, with maturities up to 10 years. The bonds will be up for trading on the Bucharest Stock Exchange (BVB).

"This program, structured in multiple tranches and designed to address both institutional and retail investors, strengthens our financing tools and supports the development of projects essential for the energy transition. At the same time, it will allow us to further diversify our activity, accelerate investments in key areas such as energy storage and solar capacities, and capitalise on strategic acquisition opportunities, contributing to long-term value creation for all stakeholders," said Mihai Tudor, CEO of Simtel.

The company's plans include the construction of photovoltaic parks with a total capacity of 85 MWp, which will support energy supply activities, as well as the closing of deals in the EPC field or the acquisition of operational wind projects.

Simtel estimates for 2025 consolidated revenues of RON 502.7 million (€101.45 million), an EBITDA of RON 63.7 million (€12.86 million), and a net profit of RON 45.6 million (€9.21 million).

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.