“An issuance of notes with a value between EUR500,000,000 (or the equivalent of this amount in any other currency) and up to EUR 750,000,000 inclusive (or the equivalent of this amount in any other currency), depending on the level of the actual subscriptions and the coupon rate with a maturity between 5 and 7 years, representing the second issuance under the EMTN Program,” the report reads.
Through this mechanism, Romgaz aims to attract resources for investments, including the Neptun Deep project. The notes are expected to be traded on the Luxembourg Stock Exchange and/or the Bucharest Stock Exchange and/or any other stock exchange and/or trading venue in the European Union.
In November 2024, Romgaz listed its first bond issue at the Bucharest Stock Exchange, in the amount of EUR500 million. That was the first tranche within the EMTN Program, through which the company may attract up to EUR1.5 billion.
Romgaz, valued at RON33.5 billion, reported a turnover of RON4.2 billion for the first half of 2025, up 9% year-over-year, and net profit of RON1.7 billion, down 8.6% year-over-year.
Romgaz shares have traded 60% higher over the last year.