Electrica’s €500 million Eurobond issue, the largest corporate green bond issue in Romania (non-financial), is to be listed on the Luxembourg and Bucharest stock exchanges, the company announced. The European Investment Bank (EIB) was one of the key participants in this issue.
The green bond issue, with a 5-year maturity, benefits from a competitive interest rate of 4.566% and has been rated BBB- by Fitch Ratings. In early August, the bonds will be listed on the Luxembourg Stock Exchange and, subsequently, on the Bucharest Stock Exchange, with a standard institutional nominal value of €100,000. The competent authority in Luxembourg, the CSSF (Commission de Surveillance du Secteur Financier), approved the offering prospectus on July 10, 2025.
The funds raised through this issue will be allocated to the development of renewable electricity production and energy storage capacities, according to Electrica’s Green Financing Framework, available in full on the company’s website. The objective for 2030, set out in the corporate strategy, is to implement 1,000 MW of electricity production capacity and 900 MWh of electricity storage capacity.
“The green bond issue represents a defining moment for Electrica and for the national energy system. The success of this operation reflects our corporate discipline, transparency and rapid execution capacity, and at the same time sends a strong signal to the international financial market regarding Romania’s potential in sustainable financing,” said Alexandru Chiriță, CEO of Electrica.
“The participation of the European Investment Bank confirms our strategic alignment with the European objectives of decarbonization and digitalization, and provides us with a solid basis for accelerating investments in the energy infrastructure of the future. Moreover, Electrica benefits from a solid partnership with the European Investment Bank, which finances the development of strategic energy projects.”
In the transaction, Electrica was assisted by a banking consortium formed by Banca Comercială Română, BNP PARIBAS, CITI, ING, J.P. Morgan and Raiffeisen Bank International, as Joint Global Coordinators and BT Capital Partners, IMI-Intesa Sanpaolo, Societe Generale and UniCredit, as Joint Bookrunners.
