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