BUCHAREST – Romanian state-controlled producer S.N.G.N. Romgaz S.A. has announced the opening of a new term deposit with Exim Banca Romaneasca S.A., with a negotiated interest rate of 6.35% per annum. The deposit, valued at RON 170 million (approximately USD 38.4 million), was established on December 27, 2024, and is due to mature on February 17, 2025.
This transaction is reported in compliance with Article 108 of Law 24/2017 concerning Issuers of Financial Instruments and Market Operations, and Article 234 paragraph 1, item i) of the F.S.A. Regulation No. 5/2018. Romgaz has previously placed deposits with Exim Banca Romaneasca S.A. that cumulatively exceed the materiality threshold of 5% of the net asset value and 10% of the net turnover for the 2023 financial year.
The press release statement provided by Romgaz details several term deposits opened with Exim Banca Romaneasca S.A., with amounts ranging from RON 50 million to RON 200 million and interest rates varying from 5.65% to 6.60%. These deposits, made between November 18, 2024, and December 27, 2024, have maturity dates extending from January 08, 2025, to February 17, 2025.
Romgaz is listed on both the Bucharest Stock Exchange (BVB) and the London Stock Exchange (LON:) (LSE). The company’s activities include the production of natural gas, storage, and supply, contributing significantly to Romania’s energy sector. The announcement of this financial maneuver comes as interest rates and financial strategies of energy companies are closely watched by investors, particularly in the context of fluctuating energy prices and economic uncertainty.
The information regarding Romgaz’s financial transactions is based on a press release statement and is intended to provide transparency to shareholders and the market about the company’s financial dealings with affiliated entities.
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