Romgaz gets 6.35% interest rate on new term deposits by Investing.com

BUCHAREST – Romanian state-controlled producer SNGN Romgaz SA has announced the opening of a new term deposit with Exim Banca Romaneasca SA, with a negotiated interest rate of 6.35% per annum. The deposit, amounting to 170 million Romanian reais (about 38.4 million US dollars), was created on December 27, 2024, and is scheduled to mature on February 17, 2025.

This transaction has been reported in accordance with Article 108 of Law No. 24/2017 on Issuers of Financial Instruments and Market Operations, and Article 234 Paragraph 1, Clause i) of Financial Services Authority 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 sales for fiscal year 2023.

The press release provided by Romgaz details several open term deposits with Exim Banca Romaneasca SA, with amounts ranging from RON 50 million to RON 200 million and interest rates ranging from 5.65% to 6.60%. These deposits, made between 18 November 2024 and 27 December 2024, have maturity dates extending from 08 January 2025 to 17 February 2025.

Romgaz is listed on both the Bucharest Stock Exchange (BVB) and the Bucharest Stock Exchange London Stock Exchange (Color:) (London Stock Exchange). The company’s activities include production, storage and supply of natural gas, which contributes significantly to Romania’s energy sector. The announcement of this financial maneuver comes as investors closely monitor interest rates and financial strategies of energy companies, especially in the context of energy price volatility and economic uncertainty.

Information regarding 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 its affiliated entities.

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