RNS Number : 4635G
S.N.G.N. Romgaz S.A.
01 October 2024
 

October 1, 2024

 

 

A N N O U N C E M E N T

regarding the Conclusion of the Subscription Process of the Inaugural Issue of Bonds under the EMTN Programme

 

Societatea Nationala de Gaze Naturale "Romgaz" S.A. ("S.N.G.N. Romgaz S.A.", "ROMGAZ") informs the investors regarding the fact that on September 30, 2024, the subscription process of the inaugural issue of bonds under the Euro Medium Term Notes Program of ROMGAZ ("EMTN Programme") took place.

 

In the implementation of the provisions of art. 1 - art. 5 of the Extraordinary General Shareholders' Meeting of ROMGAZ no. 10/1 July 2024, following the Decision of the Board of Directors dated 19 September 2024 on the approval of the establishment of the Euro Medium Term Notes Program of ROMGAZ ("EMTN Programme"), the Board of Directors of S.N.G.N. Romgaz S.A. approved on September 30, 2024, inter alia, the final terms and the execution of the inaugural issue of bonds under the EMTN Programme, with a total amount of EUR 500,000,000 and a maturity of 5 years.

 

The subscription process of the inaugural issue of bonds under the EMTN Program took place on September 30, 2024. Coupon was set at 4.75% per annum. The bonds will mature on October 7, 2029.

 

"We are pleased to announce that our inaugural EUR 500 million notes issuance, as part of the EMTN program has been successful, which is honoring us and indicate the trust of investors in the company's development plans. Besides registering a record number of international investors, the book building process also registered a demand of more than EUR 5 billion, which marks a first for the issuance of corporate bonds in Romania. It is an even greater pleasure to say that ROMGAZ, a Romanian company, has achieved such a performance on the international markets, strengthening its position as a strategic player in the regional energy sector. Many thanks to the shareholders, especially the majority one, for their confidence and support in the issuance and approving such notes program", stated Răzvan Popescu, ROMGAZ CEO.

 

Deputy CEO Aristotel Jude declared that: "The success of such issuance of notes confirms that the investors have confidence in ROMGAZ current and future plans, in the context where natural gas remains a transition fuel, without which the energy security and continuous energy supply cannot be ensured. Neptun Deep, a national strategic project, will benefit from such financing, ROMGAZ being hence a factor of stability in ensuring the security of supply for Romania as well as for the region. We remain dedicated to the achievement of ROMGAZ strategic objectives and confident in the company's future."

 

"The result of ROMGAZ first note issuance is a proof of professionalism and dedication of our colleagues and consultants who assisted us in this transaction and of the credibility the company enjoys both domestically and internationally. We are pleased with the success of this issuance which motivates us even more to carry out the projects we are committed to, in order to prove to investors, either shareholders or, now, noteholders, that the trust they have placed in us is fully justified", stated Gabriela Tranbitas, CFO.

 

 

 

Chief Executive Officer,

Razvan POPESCU

 

 

Deputy Chief Executive Officer,

Aristotel Marius JUDE

 

 

Chief Financial Officer,

Gabriela TRANBITAS

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