Romania's Electrica to launch €300 million green bond initiative

Green Forum

11 March, 2024 at 8:00 AM

Electrica announced its intention to issue green bonds valued at up to €300 million, with a maximum maturity of 10 years, according to a press release filed with the Bucharest Stock Exchange.

The company disclosed its proposal to shareholders to endorse a cap of €300 million for the issuance of green bonds or a combination of subsequent green and sustainability-linked bonds.

The decision will be put forth for approval at the general meeting scheduled for April 25.

These non-convertible and non-guaranteed bonds may be issued in Romanian lei or other currencies, featuring either fixed or variable interest rates. The issuance is anticipated to take place between 2024 and 2025, tapping into both the Romanian and international capital markets, including the EU and USA.

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