The percentage interest rate that applies to the term deposits is 9.50% per annum and the maturity date is on April 24, 2023.
“We specify the fact that, on October 21, 2022, SNN has constituted deposits with EXIMBANK SA, in the cumulated value of 582,853,000 lei (Appendix no. 1), the amount exceeding 5% of the value of SNN’s net assets, as well as 10 % of the net turnover related to the last annual financial statement, reason for which, in accordance with the provisions of art. 108 of Law 24/2017 with subsequent amendments and completions and with the provisions of art. 234 letter i) of the ASF Regulation no. 5/2018, SNN has the obligation to report including the cumulative value of these transactions,” Nuclearelectrica said in its stock market report..
Nuclearelectrica has a market value of RON12.5 billion and is 82.5% held by the Romanian State through the energy ministry. SNN shares have lost almost 13% since the beginning of 2022, amid deals worth RON391 million.
Nuclearelectrica ended the first half of 2022 with a net profit of RON1.2 billion, up 216% year-on-year, while revenue increased by 127% to RON3.1 billion, of which revenue from electricity sales accounted for RON3 billion, up 130% year-on-year.