The money raised from the listing of Electrica bonds will be used to strengthen Romania's electricity production capacities, Energy Minister Bogdan Ivan said on Wednesday, as he participated in the event that marked the trading debut of the electric power company's first bond issue.

'I believe that today's event marks an extremely important moment, the fact that a company the Romanian state, through the Energy Ministry, holds a significant share of, has managed to attract a huge financing of 500 million euros from the market, in a bond offering that was 11-times oversubscribed. Which shows that all companies with public capital, whether we are talking about one hundred percent, majority or minority state capital, are attractive to investors. They have built a strong brand and have managed to convey trust. And I believe that at these moment, the most important signal we can send out to the markets is the confidence that the people who run these companies represent a reliable partner in serious investments in the medium and long term. Obviously, this money will be directed towards consolidating Romania's energy production capacities by 2030 - with 1,000 MW of green energy, wind and solar, and approximately 900 MWh of storage capacity. But I think the most important thing today is that a signal is being given. And it comes just as about a week ago Electrica, Romgaz, Transgaz, Hidroelectrica registered peak quotations,' Bogdan Ivan declared at the event.

Electrica debuted on July 30 its first bond issue on the BVB Regulated Market - the largest green, corporate and non-financial bond issue on the Romanian capital market, worth 500 million euros in total.

The bonds with the stock symbol EL30E are registered, non-convertible, unsecured, denominated in euros, have a face value of 1,000 euros each and will mature on July 14, 2030. They carry an annual interest rate of 4.375%. The issue was subscribed for by 155 bondholders from 31 countries, all of them legal entities.

Before entering trading on the local capital market, Electrica's green bonds were listed on July 14, 2025 on the Luxembourg Stock Exchange, with Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) having approved the offering prospectus on July 10.

The proceeds from the bond issue will be used to finance and/or refinance Eligible Green Projects, which involve projects related to renewable electricity, in accordance with the provisions of Electrica's Green Financing Framework and the prospectus approved by the CSSF.

'The reputation Electrica has built over time among the general population and mainly among investors was particularly evident on the occasion of its maiden bond issue,' said president of the Bucharest Stock Exchange Radu Hanga, who also remarked that the inclusion of Electrica shares in the MSCI Frontier Markets indices as well as in the FTSE Russell Global All Cap indices secures Romania an important position on international markets and brings it closer to MSCI's recognition as Emerging Market.

Electrica has been listed on the BVB Regulated Market since 2014, having since recorded a price return of 52%, while the total return has been over 100%. The company's market capitalization hit over RON 5.7 billion on July 30.

Since 2024, the company is also included in the FTSE Global All Cap indices, alongside another 13 local constituents of the FTSE Russell emerging markets indices. Electrica is also among the 35 Romanian companies included in the MSCI Frontier Markets indices, since 2014.

'The listing of this record-setting green bond issue represents an essential step in Electrica's strategy to support the energy transition and consolidate our position on the Romanian energy market. The high interest from international investors confirms their confidence in our vision and in the company's ability to implement ambitious projects that speed up the development of renewable energy and significantly contribute to the future of the green economy. This issue allows us to finance strategic investments in sustainable energy infrastructure and achieve our long-term sustainable growth objectives,' said Electrica CEO Alexandru Chirita.

The listing of the bond issue was assisted by BCR - Banca Comerciala Romana, BNP PARIBAS, Citigroup Global Markets Europe AG, ING Bank N.V., J. P. Morgan SE, Raiffeisen Bank International AG, as Joint Global Coordinators, and BT Capital Partners, Intesa Sanpaolo S.p.A., Societe Generale and UniCredit Bank GmbH as Joint Bookrunners.

Fitch Ratings assigned Electrica's bonds a 'BBB-' rating, consistent with the expected rating given by Fitch on July 2, 2025. Electrica's corporate rating, last affirmed by Fitch in March 2025, is 'BBB-' with a stable outlook.

Electrica Group is a key player in Romania's electricity distribution, supply and production market, as well as one of the most important energy service providers in the country.

Electrica, the group's holding company with a majority of private capital, has been listed on the Bucharest and London stock exchanges since July 2014. It is the only listed Romanian company that operates in an integrated manner in the fields of electricity distribution, supply and production. AGERPRES (RO - writing by: George Banciulea; EN - writing by: Simona Klodnischi)