The inaugural bond issue of Romanian state-controlled natural gas company Romgaz (BVB: SNG) of EUR 500 million is scheduled for September this year, announced Răzvan Popescu, the CEO of the state company.
“Now we have to determine exactly what the maturity of these bonds will be,” he said, quoted by Ziarul Financiar.
The bonds will be issued in Luxembourg for the company to gain access to a larger pool of investors.
“Due to the size and the fact that we want Romgaz to access the international debt markets, the total size being EUR 1.5 billion, the initial listing will be on the Luxembourg market. They may be ‘passported’ to the…
