Romania registers first corporate green bond sale as utility Electrica completes €500 million transaction with EIB participation
Romania, July 18 -- Romanian power producer Electrica became the first company in Romania to issue a green bond, completing a €500 million operation in which the European Investment Bank (EIB) was one of the buyers. Investor demand for the bond, which is being listed on the Luxembourg and Bucharest stock exchanges, exceeded the offer at the final price by more than 10 times.Electrica will use the funds raised to expand renewable electricity generation and energy storage, in line with the company's Green Financing Framework. By 2030, Electrica aims to have the capacity to generate 1,000 megawatts of renewable power and to store 900 megawatt-hours (MWh) of electricity. Electrica is a key player in the Romanian market for electricity pro...
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