“There are several projects in a queue in the corporate bond sector and GDF Suez’s success will bring them all on the stock exchange in the next 12 months,” said Lucian Anghel, president of the stock exchange operator.
GDF Suez Energy Romania, a unit of French-Belgian utility GDF SUEZ, has raised this week 250 million lei (EUR54.7 million) via a bond issue in Bucharest.
The five-year bonds have a face value of RON10,000 and carry a fixed annual coupon of 7.4%. The bonds will be listed on the Bucharest Stock Exchange in the second half of November.
GDF Suez will use the funds to finance ongoing investments, general manager Eric Stab said.
“We don’t need immediate financing, but I wouldn’t rule out another bond issue sometime in the future,” Stab told reporters.
The latest corporate bond issue listed on the Bucharest Stock Exchange was placed by lender Banca Transilvania (TLV.RO). Launched in 2005, the bank’s bond issue matured in 2012.