Total demand from institutional investors revolved around EUR4 billion, eight times above the offer value.
Since the start of 2025, Romgaz shares have doubled.
“The outcome of the second bond issue part of the EMTN program confirms Romgaz capacity to tap international capital markets in competitive conditions, at a 4.74% interest rate. The deal, worth EUR500 million and with a 6-year maturity, was oversubscribed almost eight times, which demonstrates institutional investors’ high interest, but also confidence in the company’s development strategy and implicitly in Neptun Deep project,” Razvan Popescu, Romgaz CEO, told ZF.
The new bond issue is the second of a totally worth EUR1.5 billion EMTN program that Romgaz launched in 2024. The first tranche, also worth EUR500 million, was launched last autumn and was even more successful, being oversubscribed 12 times.
(English version by Catalina Apostoiu)