The maturity date is October 25, 2022 and the percentage interest rate is 8.55% per annum.
As per calculations by Ziarul Financiar (ZF) daily, Romgaz will benefit from an interest rate of almost RON1.8 million for the almost two-month deposit worth RON130 million.
“We mention that, S.N.G.N ROMGAZ S.A has had deposits at CEC BANK S.A. with a cumulative value over 12 months exceeding the materiality threshold of 5% of the net asset value, and 10% of the net turnover related to 2021 financial year. Some of these deposits matured before August 31, 2022”, the report reads.
Romgaz has a market value of RON17.2 billion and its shares have gained 10.3% on the stock market since the beginning of 2022, amid deals worth RON421.2 million, as per stock market data. The company is 70% owned by the Romanian State.