The maturity date is October 25, 2022 and the percentage interest rate is 8.70% per annum.
“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 September 12, 2022”, the report reads.
Overall, the company has placed seven deposits with CEC Bank, of which six in August 2022, maturing in September and October, and a deposit placed in September and maturing in October, with a combined value of RON460 million.
Romgaz has a market value of RON17.2 billion and its shares have gained 14.8% on the stock market since the beginning of 2022, amid deals worth RON436 million, as per stock market data. The company is 70% owned by the Romanian State.