Romgaz secures €500 million in oversubscribed bond issue

Business Forum
State-owned gas producer Romgaz concluded the subscription process for its second issue of bonds under the Euro Medium Term Notes Program (EMTN Programme) on October 28.

The new bond issue is valued at €500 million and has a maturity of six years, with a coupon set at 4.625% per annum.

This transaction was met with strong demand from institutional investors, resulting in the issue being oversubscribed by approximately eight times. 

Răzvan Popescu, CEO of ROMGAZ, said: "By this operation, we are consolidating both our role as predictable issuer and the strategy for diversifying funding sources, ensuring a sustainable debt structure, in line with our long-term growth objectives.”

The capital generated from this inflow is earmarked to support the financing of current projects and to support the company's long-term strategy.

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