The bond issue through which the company will support investments in the Neptun Neep project in the Black Sea was successful in the context in which the demand from large investors exceeded the supply by 12 times. This is the first of a 3-issue financing worth a total EUR1.5 billion.
Data aggregated by Ziarul Financiar (ZF) daily from Bloomberg platform show that Romgaz raised EUR500 million in the first large bond issue of a state-run company in Romania, at an annual interest of 4.77%.
Romgaz has a market value of RON21.4 billion and is 70%-owned by the Romanian State, through the energy ministry. SNG shares have traded up 10.8% so far in 2024, amid deals worth RON671.8 million, as per stock market data.