The program allows Simtel to issue bonds in several tranches, denominated in lei or euros, with fixed or variable interests, including structures correlated with sustainability goals. Each tranche will be admitted to trading on the regulated market of the Bucharest Stock Exchange and mature in up to ten years, the company said in a press release.
Simtel intends to use the resources raised to expand its energy storage capacity in order to reduce balancing costs and improve operational flexibility, to build photovoltaic parks with a total capacity of 85 MWh and for merger operations.
(English version by Loredana Fratila-Cristescu)