Transelectrica launched yesterday the first issue of corporate bonds worth RON 200 M (about EUR 44.9 M at the current exchange rate), with five-year maturity, according to a release the company sent to the Bucharest Stock Exchange. The annual interest rate ranges between 5.40 percent and 6.40 percent and the face value of a bond is RON 10,000. The offer is valid on December 11-18, 2013 and the intermediary is the Romanian Commercial Bank SA. Stefan Bucataru, Transelectrica executive managing director, said in mid-November that the sum of money collected from the opening bond issue was meant for investments, which will make possible the increase in the capability to get interconnected with Romania’s neighbouring countries.
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