Electrica Launches the Largest Non-financial Corporate Green Bond Issuance in Romania

Electrica launched the largest corporate green bond issuance in Romania (non-financial), valued at EUR 500 million, which is set to be listed on the Luxembourg and Bucharest stock exchanges. Investor demand at the final price exceeded the offer by more than 11.5 times, setting a record for Romanian corporate issuance. The European Investment Bank (EIB) is one of the key participants in this issuance. The offering prospectus was approved on July 10, 2025, by the competent authority in Luxembourg, CSSF (Commission de Surveillance du Secteur Financier).   The green bond issuance, with a 5-year maturity, benefits from a competitive interest rate of 4.566% and has been rated BBB- by Fitch Ratings. At the beginning of 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 EUR 100,000, https://energyindustryreview.com/ informs. The competent authority in Luxembourg, CSSF (Commission de Surveillance du Secteur Financier), approved the offering prospectus on July 10, 2025.   The funds raised through this issuance will be allocated to the development of renewable electricity production capacities and energy storage capacities, according to Electrica’s Green Financing Framework, fully available on the company’s website.   The objective for 2030, set forth in the corporate strategy, is to implement 1000 MW of electricity production capacity and 900 MWh of electricity storage capacity.   “The green bond issuance represents a defining moment for Electrica and the national energy system. The success of this operation reflects our corporate discipline, transparency, and ability to execute swiftly, while also sending a strong signal to the international financial market regarding Romania’s potential in sustainable financing. The participation of the European Investment Bank confirms our strategic alignment with the European decarbonization and digitalization objectives, providing us with a solid foundation to accelerate investments in the energy infrastructure of the future. Moreover, Electrica benefits from a strong partnership with the European Investment Bank, which finances the development of strategic energy projects,” Alexandru Chirita, CEO Electrica, said.   In this transaction, Electrica was assisted by: Romanian Commercial Bank, 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.