The bonds will have a maturity of five years and fixed interest.
The proposal is subject to shareholder approval at a meeting on April 27.
In 2014, the company’s revenue rose 9% to RON1.69 billion, from RON1.55 billion in 2013, while its net profit rose 51.7%, to RON507.4 million.
The Romanian Economy Ministry owns a 58.5% stake in Transgaz. (EUR1=RON4.4045)