The bonds may be denominated in both RON and other currencies and may be issued on the basis of a flexible structure with a fixed or variable interest rate (including the possibility of including a step-up or step-down mechanism for Bonds whose terms and conditions will be correlated with Electrica’s sustainability objectives), through one or more separate issues. Bonds will have a maximum maturity of up to seven years, the company’s stock market report reads.
Shareholders are also expected to approve the Board of Directors’ proposal on the distribution of RON152 million as dividends, representing 50% of its 2021 net profit.
Electrica has the following branches: Distributie Energie Electrică Romania (DEER), Electrica Furnizare, Electrica Serv, Electrica Producție Energie and Electrica Energie Verde SRL.
Electrica is 49% owned by the Romanian State and has a stock market capitalization of RON3.5 billion, in line with stock market data.