REG - Soc EnergElectricaSA - BSE Listing of EUR 500 mil. Green Bonds Issuance

Societatea Energetica Electrica SAAnnouncement

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RNS Number : 1861T  Societatea Energetica Electrica SA  30 July 2025

 

 

Bucharest, 30 JULY 2025

PRESS RELEASE

 

Electrica lists the largest issue of green, corporate, and non-financial bonds
on the Bucharest Stock Exchange (BVB), worth EUR 500 million

 

Electrica (https://www.electricafurnizare.ro/) , a leading company in the
national economy and a major player in electricity distribution, supply, and
production in Romania, listed on the Bucharest Stock Exchange (stock symbol:
EL
(https://www.bvb.ro/FinancialInstruments/Details/FinancialInstrumentsDetails.aspx?s=EL)
) since 2014, will launch its first bond issue on the Regulated Market of the
BVB on 30 July 2025 (stock symbol: EL30E
(https://www.bvb.ro/FinancialInstruments/Details/FinancialInstrumentsDetails.aspx?s=EL30E)
). It is the largest issue of green, corporate, and non-financial bonds on the
Romanian capital market, reaching a total value of €500 million.

The bonds, with the stock symbol EL30E
(https://www.bvb.ro/FinancialInstruments/Details/FinancialInstrumentsDetails.aspx?s=EL30E)
, are registered, non-convertible, unsecured, denominated in euro, have a
nominal value of €1,000 each, and will reach maturity on 14 July 2030. They
have an annual interest rate of 4.375%. Following the sale offer carried out
by Electrica, 155 bondholders from 31 countries subscribed, all of them legal
entities.

Before being traded on the local capital market, Electrica's green bonds were
listed on 14 July 2025, on the Luxembourg Stock Exchange, with the issuance
having been approved by the competent institution in Luxembourg (CSSF
Commission de Surveillance du Secteur Financier). The prospectus was also
passported by the CSSF to the ASF, and the ASF issued the Certificate of
Registration of Financial Instruments (CIIF) on 18 July 2025.

The funds raised through Electrica's first 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 (https://www.electrica.ro/en/investors/bonds/) and the
prospectus approved by the CSSF.

Electrica's shares have been listed on the BVB Regulated Market since 2014. In
the 11 years since its listing, Electrica has recorded a price return of 52%,
while the total return has been over 100%. The company's market capitalisation
has now reached over RON 5.7 billion. Over the years since its listing,
Electrica has paid gross dividends totaling RON 2.10 billion.

Global depositary receipts (GDRs) based on shares issued by Electrica have
also been listed on the main market of the London Stock Exchange since 2014.

Electrica has been part of the main index of the Romanian capital market, the
BET index, since August 2014. Since then, the BET index has recorded a return
of over 180%. Electrica is also included in nine other BVB indices: BET-NG,
BET-XT, BET-EF, BET-BK, BETPlus, ROTX, and the BVB total return indices. Since
2024, the company has also been included in the FTSE Global All Cap indices,
alongside 13 other local companies that are part of the FTSE Russell indices
dedicated to emerging markets. Electrica is also among the 35 Romanian
companies included in the MSCI Frontier Markets index since 2014.

In the 11 years since Electrica's shares were listed on the Bucharest Stock
Exchange, investors have made over 316,550 transactions involving over 428
million Electrica shares, with a total value of over RON 5 billion. Since
January 2023, Electrica has benefited from Market Maker services provided by
BRK Financial Group and Wood & Company Financial Services.

"The listing of this record green bond issuance isa key milestone in
Electrica's strategy, aimedto support the energy transition and to strengthen
our position in the Romanian energy market. The strong interest from
international investors confirms their trust in our vision and in the
company's ability to implement ambitious projects, that accelerate the
development of renewable energy and contribute significantly to the future of
the green economy. This issuance enables us to finance strategic investments
in sustainable energy infrastructure and to achieve our long-term sustainable
growth objectives," said Alexandru Chiriță, CEO of Electrica.

"The reputation that Electrica has built over time among the general
population and, in particular, among investors, was particularly reflected in
its first bond issue. We are talking about green, corporate, and non-financial
bonds, the largest issue of its kind in Romania, worth €500 million, with
the aim of protecting environmental resources. Electrica is an example of an
issuer that contributes significantly to the rise of the local capital market
and is one of the engines of the Romanian economy. At the same time, the
presence of Electrica shares in the MSCI Frontier Markets Index and the FTSE
Russell Global All Cap Index maintains our important position on international
markets and brings us closer to MSCI recognition as an Emerging Market," said
Radu Hanga, President of the Bucharest Stock Exchange.

"The participation of the European Investment Bank as one of the key investors
illustrates Romania's strategic alignment with European decarbonization and
digitalisation objectives. The success of this issuance confirms that Romania
has viable energy transition projects that are essential for meeting
continental climate targets. The massive oversubscription reflects investors'
appetite for financial instruments that support the energy transition and
shows that the Romanian capital market can offer sophisticated instruments
with attractive returns and controlled risk profiles that contribute to the
stability of the financial system. On behalf of the Bucharest Stock Exchange,
I would like to thank Electrica for its confidence in our market and
congratulate everyone involved-investors, financial partners, consultants, and
the BVB team-for their joint effort that made this success possible!" said
Remus Vulpescu, CEO of the Bucharest Stock Exchange.

"This transaction is a strategic milestone for Romania's capital market and
validates Electrica's commitment to sustainable investments. As Global
Coordinator, BCR, together with other leading international and local
financial institutions, played a key role in structuring and securing the
success of the largest non-financial corporate green bond issuance in Romania.

Our capital markets expertise and ability to facilitate access to a
diversified base of institutional investors have contributed to positioning
Electrica as a credible issuer in the sustainable finance universe. The
exceptional level of oversubscription also confirms the market's growing
appetite for green projects, as well as the need to strengthen financial
infrastructure in order to generate long-term value for both the economy and
the environment. We are proud to stand alongside Electrica at the listing of
this issuance on the Bucharest Stock Exchange and remain committed to
supporting the company's strategic development plans", mentioned Cosmina
Plaveti, Head of Investment Banking BCR.

The bond issue was assisted by BCR - Banca Comercială Română, 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., Société Générale, and UniCredit Bank GmbH as Joint
Bookrunners.

Fitch Ratings assigned a "BBB-" rating to Electrica's bonds, in line with the
expected rating that Fitch assigned on 2 July 2025. The corporate rating, last
confirmed by Fitch in March 2025, is "BBB-" with a stable outlook.

 

 

About Electrica

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

The Group provides services to approximately 4 million users, covering 18
counties in three geographical areas for electricity distribution (Northern
Transylvania, Southern Transylvania, and Northern Muntenia), and throughout
the country for electricity supply and maintenance and energy services.

Since July 2014, Electrica, the Group's holding company, has been listed on
the Bucharest and London stock exchanges, with majority private capital. It is
the only Romanian listed company that operates in the fields of electricity
distribution, supply, and production. Further information can be found on
www.electrica.ro (http://www.electrica.ro) .

 

 

About the Bucharest Stock Exchange

BVB is the only securities market operator in Romania. BVB, listed on its own
market since 2010, is part of the BVB Group that includes the Central
Depository, the institution responsible for the register and settlement
operations in Romania, and, since October 2019, the central counterparty, i.e.
CCP.RO, an institution that is to take up the clearing of securities
transactions in Romania and to contribute to the re-launching of the market of
derivative products. BVB manages two separate markets, the Regulated Market
and the Multilateral Trading System, which list a variety of financial
instruments such as stocks, bonds, fund units, certificates, structured
products, and preferential rights. The efforts of the BVB and of their
stakeholders to modernise and develop the capital market in Romania have also
been acknowledged by the country's promotion to the Emerging Market status in
2020, by the global index provider FTSE Russell. Currently, 14 Romanian
companies are included in the FTSE Russell indices dedicated to emerging
markets. Further information can be found on www.bvb.ro (http://www.bvb.ro) .

 

 

 

 

For further information:

Marketing and Communications, Bucharest Stock Exchange, email:
comunicare@bvb.ro (mailto:comunicare@bvb.ro) .

Electrica Communication, email: comunicare@electrica.ro
(mailto:comunicare@electrica.ro) .

Electrica Investor Relations, email: ir@electrica.ro (mailto:ir@electrica.ro)
.

 

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