The final rating is contingent on the receipt of final documents materially conforming to the information already received.
The proceeds will be used to fund eligible green projects as defined by the company, mostly related to renewables developments.
Electrica has mandated Banca Comerciala Romana S.A., member of Erste Group (“BCR”), BNP PARIBAS, Citi, ING, J.P. Morgan and Raiffeisen Bank International as Joint Global Coordinators and Joint Bookrunners, and BT Capital Partners, IMI-Intesa Sanpaolo, Societe Generale and UniCredit as Joint Bookrunners to arrange a series of fixed income investor meetings commencing on Tuesday, 1 July 2025, with regard to a potential inaugural EUR Green benchmark Reg S only unsecured bond issuance that may follow, subject to market conditions.
In the first quarter of 2025, Electrica, a major player on Romania electricity distribution and supply market, posted a RON195.7 million net profit, 53.2% above the year-earlier level.
Operating revenues rose by 23.6% to RON3.18 billion, while operating expenses climbed by 23.4% to RON2.86 billion.
49.8% owned by the Romanian state, the group is valued at RON5 billion.
(English version by Catalina Apostoiu)