The company has issued 43,958 bonds, with a nominal value of RON100/bond, and an interest rate of 8%, maturing on September 7, 2024, raising RON4.3 million financing from 87 investors. The company thus raised funds worth RON4.4 million, from 87 investors. The listing is made with the support of Intercapital Invest. MW Green Power Export is listing its second bond issue on the SMT of BVB. The first bond issue, amounting to RON3.03 million, is traded under the ticker symbol MWGP21 and matures in December 2021.
“This year, bonds have been a financial instrument intensively used by companies in obtaining funding. This reflects on the one hand the companies’ need for capital and, on the other hand, their willingness to diversify their capital providers, including capital market mechanisms. We are glad that the investors on the market have backed, by RON 53.6mn and EUR 66.6mn, the plans of Romanian entrepreneurs, if we only refer to the corporate bonds issued by local entrepreneurial companies”, said Radu Hanga, President of the Bucharest Stock Exchange.
With its two bond issues listed on the Bucharest Stock Exchange, the company has attracted a total of over RON7.4 million from investors.
“In 2020, Green Certificate revenues accounted for 60.5% of the MW Green Power Export total income, while by the end of 2021 we estimate an increase in production at comparable parameters to last year’s, of about 6,800 MW, and a slight increase in the gross profit, also supported by cash from the sale of power and Green Certificates. It is also important to emphasize that by the end of last year, the company owned 97,700 deferred Green Certificates to be sold over a period of 10 years equally, according to the legal provisions in place. We wish to maintain the same growth trend until 2030, in keeping up with the European Union objectives and in order to play on a fully integrated, inter-connected and digitized energy market”, stated Ioan Iurasec, Sole Administrator of MW Green Power Export.
MW Green Power Export ended 2020 with a net profit of EUR54,934, up 42.7% from 2019, and a turnover of EUR689,421, up 161% on the year.
The company’s main shareholders are the Alternative Investment Fund Certinvest Green, with a holding of 56.85%, and NG Return Expert, with an ownership of 42.97%.
MW Green Power Export is a renewable energy producer, managing its own photovoltaic farm, covering an area of 10 hectares in the town of Videle.