The company issued 300 bonds, each with a face value of EUR100,000. The bonds carry a fixed interest rate of 5.97% per year, with the possibility of an increase of up to 0.3% points annually, depending on the achievement of certain sustainability targets, according to the terms of the issuance.
The bonds have a five-year maturity, with the maturity date set for July 7, 2031, and are classified as sustainability-linked bonds, financial instruments tied to the achievement of sustainability goals.
The private placement was arranged by a syndicate consisting of BRD – Groupe Société Générale, BT Capital Partners, Banca Comerciala Romana, UniCredit Bank, and Raiffeisen Bank.
(English version by Loredana Fratila-Cristescu)