The bonds will have a face value of RON10,000 and will carry a fixed annual coupon of 7.4%, according to the issuance prospectus, which was approved by the capital market regulator CNVM on Friday.
Romanian bank BRD will broker the placement, which is scheduled for completion October 23.
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 issued matured in 2012.
GDF SUEZ Energy Romania reported total sales of RON3.86 billion in 2011, up 9% on the year.
The company is one of the largest suppliers of natural gas on the local market, with 1.3 million customers. (EUR1=RON4.5658)