For the RON450 million deposit maturing on July 25, 2023, it is applied an interest rate of 6.27% per annum.
“ROMGAZ S.A reports transactions concluded with affiliates based on the request for opening a term deposit without auto-renewal option, with the interest rate negotiated on May 25, 2023, in amount of RON450,000,000.00, due on July 25, 2023. The interest rate applied to the above mentioned deposit is 6.27% per year. We mention that, S.N.G.N ROMGAZ S.A has had deposits at EXIMBANK 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 2022 financial year. Some of these deposits matured before May 25, 2023,” as per the report.
Romgaz is 70%-owned by the Romanian State through the Energy Ministry.