The leu-denominated bonds should have a face value of RON100 and a maturity of three to six years, early redemption option and a maximum yield of 8% to 10% a year, payable every three or six months.
The program will be conducted via one or several rounds of bond issuance during the period set by the board of directors within three years from the publication in the Official Gazette. The bonds will be listed on the Bucharest Stock Exchange.
(English version by Loredana Fratila-Cristescu)