BUCHAREST – Romanian state-controlled producer SNGN Romgaz SA has announced the opening of a new term deposit with Exim Banca Romaneasca SA, with an agreed interest rate of 6.35% per annum. The deposit, valued at RON 170 million (approximately USD 38.4 million), was opened on December 27, 2024, and matures on February 17, 2025.
This transaction was reported in accordance with Article 108 of Law 24/2017 on issuers of financial instruments and market operations and Article 234, paragraph 1, item i) of FSA Regulation no. 5/2018. Romgaz previously placed deposits with Exim Banca Romaneasca SA that cumulatively exceed the materiality threshold of 5% of net asset value and 10% of net turnover for the financial year 2023.
Romgaz’s press release details several time deposits opened with Exim Banca Romaneasca SA, with amounts ranging from RON 50 to 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 8, 2025 to February 17, 2025.
Romgaz is listed on the Bucharest Stock Exchange (BVB) and on the Stock Exchange London Stock Exchange (LON:) (LSE). The company’s activities include natural gas production, storage and supply, contributing significantly to Romania’s energy sector. The announcement of this financial maneuver comes at a time when investors are closely monitoring interest rates and financial strategies of energy companies, especially in the context of fluctuating energy prices and economic uncertainty.
Information about Romgaz’s financial transactions is based on a press release and is intended to provide transparency to shareholders and the market about the company’s financial dealings with related entities.
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