The maturity date is August 25, 2022 and the percentage interest rate is 8.9% per annum.
As per calculations by Ziarul Financiar (ZF) daily, Romgaz will benefit from an interest rate of almost RON520,000 for the one-month deposit worth RON70 million.
“We mention that, as of July 29, 2022, S.N.G.N ROMGAZ S.A has deposits at CEC BANK S.A. amounting to RON356 million (Annex No. 1) 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”, the report reads.
Romgaz has a market value of RON18.5 billion and its shares have gained 23% on the stock market since the beginning of 2022.