Romgaz placed around RON78.3 million with Eximbank, which is split into two deposits: one in the amount of RON35 million maturing on October 20, 2023, and the other one in the amount of RON43.26 million maturing on October 23, 2023. In both cases, the interest rate is 6.69% per annum, the report reads.
“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 July 25, 2023,” as per the report.
Romgaz shares have gained 7% so far in 2023, but have lost 12% over the last 12 months.
Romgaz has a market value of RON15.5 billion and is 70%-owned by the Romanian State through the Energy Ministry.