Filip & Company has advised BT Capital Partners, Citigroup Global Markets Europe, Erste Group Bank, J.P. Morgan, Raiffeisen Bank International, and Unicredit Bank as the arrangers of Romgaz's EUR 500 million bonds issuance. Musat si Asociatii reportedly advised Romgaz.
Romgaz is the largest natural gas producer and the main supplier in Romania. The company is listed on Bucharest Stock Exchange and GDRs are transacted on London Stock Exchange.
"We are pleased to announce the success of our inaugural bond issuance, worth EUR 500 million, part of Romgaz's EMTN program, which honors us and shows investors' confidence in the company's development plans," commented Romgaz General Manager Razvan Popescu. "The book building process meant not only a record number of international investors, but also a demand of over EUR 5 billion, which marks a premiere for the corporate bond issuance market in Romania. It is an even greater joy to be able to say that Romgaz, a Romanian company, has achieved such a performance on international markets, consolidating its position as a strategic player in the regional energy sector. We thank the shareholders, and especially the majority shareholder, for the trust and support given in the issuance and approval of this bond program."
The Filip & Company team included Partners Olga Nita and Alexandru Birsan, Senior Associate Roxana Diaconu, and Associate Anca Badescu.
