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Filip & Company Advises on Romgaz EUR 500 Million Bond Issuance

Romania
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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.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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