Restart Energy One bonds start trading on April 21

4/19/2021

Bucharest Stock Exchange (BVB) informs that on Wednesday, April 21st, the first bond issue of the electricity and natural gas suplier, Restart Energy One, will start trading on BVB’s Multilateral Trading System (MTS). Restart Energy One bonds will be traded under the REO26 ticker and ISIN ROSWAJ8VBNH9. REO26 bonds are the first convertible to shares admitted to trading on BVB's MTS.

The bond issue has a total value of RON 16.36mn and includes 163,612 bonds, with a nominal value of RON 100/bond, 5-yrs maturity starting with February 9, 2021, and an interest rate of 9% p.a., payable half-annually. The bonds are convertible starting with 2024 and can be early buy-backed starting the third year of the bond issue.

Restart Energy One is the second largest independent supplier of electricity to household consumers by number of places of consumption. The company carried out a private placement in February 2021 with the support of Goldring, the Authorized Advisor who also assisted the listing of the bonds issue on the BVB’s Multilateral Trading System. The funds attracted through the bond issue will be used as co-financing for the integration of renewable energy production capacities, of approximately 50 MWp. The bond issue is also part of an indirect strategic objective, the supply of 100% renewable energy.

More information about Restart Energy One bonds is available in the Memorandum prepared for admission to trading and published on the BVB website, at this LINK.