Romanian energy company Electrica has completed the country’s first corporate green bond issuance, raising €500 million, with strong backing from institutional buyers, including the European Investment Bank (EIB). The bond attracted demand more than ten times above the final offer, according to the EIB announcement.
The funds will go to new wind and solar projects and toward expanding electricity storage. Electrica, which serves around 4 million customers, plans to reach 1,000 megawatts of renewable generation and 900 MWh of storage capacity by 2030.
“This is a landmark deal for Romania’s capital market,” said EIB Vice-President Ioannis Tsakiris. “It encourages others to explore green finance and aligns with the broader push for sustainable growth across the EU.”
Electrica’s green bond has a five-year term and pays an interest rate of 4.566%. It is listed on both the Bucharest and Luxembourg stock exchanges and carries a BBB rating from Fitch. The offering was approved by Luxembourg’s financial regulator on July 10.
Electrica CEO Alexandru Chiriță said the strong demand reflects investor interest in the country’s clean energy potential. “This shows we can move quickly, stay transparent, and offer credible projects to the global market,” he said.
The EIB, a long-time supporter of green finance tools, says the deal is part of its broader effort to connect EU climate targets with real-world investments.
