Electrica, one of the most important players in the Romanian energy sector, has debuted on the Bucharest Stock Exchange (BVB) with its first issue of corporate and non-financial green bonds, worth €500 million. Electrica’s bond issue is the largest of its kind ever made on the local capital market, confirming investors’ appetite for financial instruments that support the energy transition.

The issue, listed under the symbol EL30E, matures in July 2030 and offers an annual interest rate of 4.375%. The bonds are registered, non-convertible, non-convertible, unsecured and denominated in euro, with a nominal value of 1,000 euros each. The offering attracted 155 institutional investors from 31 countries and was massively oversubscribed ahead of its listing on the local market, having previously been listed on the Luxembourg Stock Exchange.

The listing marks a double success: it opens the company’s access to new sources of sustainable financing and strengthens the profile of the Romanian capital market as a destination for green investments, connected to the European decarbonization and energy transition objectives. The funds raised will be directed towards the financing and refinancing of eligible green projects in Electrica’s portfolio, with a focus on the development of renewable electricity infrastructure, in line with the company’s Green Finance Framework.

Before trading on the local capital market, Electrica’s green bonds were listed on July 14, 2025 on the Luxembourg Stock Exchange.

“The listing of this record-breaking issue is a key step in our strategy to support the energy transition and strengthen our position in the local market. The high interest from international investors confirms the confidence in our vision and in the company’s ability to implement ambitious projects that accelerate the development of renewable energy and contribute significantly to the future of the green economy,” said Alexandru Chiriță, CEO of Electrica.

Cosmina Plaveti, Head of Investment Banking BCR, emphasized the exceptional level of oversubscription which “confirms the market’s increased appetite for green projects, but also the need to strengthen the financial infrastructure so that it generates long-term value for the economy and the environment”. “The massive oversubscription reflects investors’ appetite for financial instruments that support the energy transition and shows that the Romanian capital market can offer sophisticated instruments with attractive returns and controlled risk profiles that contribute to the stability of the financial system”, added Remus Vulpescu, General Manager of the Bucharest Stock Exchange.

The transaction was structured and assisted by a consortium of international and local financial institutions, including BCR, BNP Paribas, Citigroup, ING, J.P. Morgan and Raiffeisen Bank, with Fitch Ratings rating the issue “BBB-“, in line with Electrica’s corporate rating.

Electrica’s shares have been listed on the BVB Regulated Market since 2014. In the 11 years since its listing, Electrica has recorded a price return of 52%, while the total return has been over 100%. Today, the company’s market capitalization has reached a value of over RON 5.7 billion. Over the years since its listing, Electrica has paid gross dividends for a cumulative amount of RON 2.10 billion.

Article distributed with the support of  Schneider Electric