Restart Energy plans to raise EUR 6.5 mln with Bucharest Exchange listed bond
<p>Romania's Restart Energy One, an independent energy supplier that is also developing renewable energy projects, announced plans to issue 5-year bonds denominated in euros with a 9.5% coupon attached "to finance the company's accelerated expansion."</p>

<p>It is not clear whether the bond issue is replacing or preceding the IPO announced by the company last October.</p>

<p>The offering of the new corporate bonds is brokered by Tradeville. The offer will be conducted through a private placement addressed to a maximum of 149 retail investors.</p>

<p>The company issued RON 16.4 million (EUR 3.3 million) 5-year bonds, denominated in local currency, in April 2021. The bonds, traded at Bucharest Exchange, were issued with a 9% coupon attached and are traded currently at a yield-t-maturity of 10.42%.</p>

<p>The company says that, in the past two years, it has shifted its focus from energy supply to energy transition – meaning the development of renewable energy projects.&nbsp;</p>

<p>Restart Energy, one of the largest independent electricity suppliers in Romania, which has a bond issue underway on the Bucharest Stock Exchange (BVB), is preparing to raise "several tens of millions of euros" through a new share listing on the exchange in the spring of 2024, according to an announcement made by Valentin Bârgău, Restart Energy's VP of corporate operations, at a conference last October.</p>

<p>"We aim to list on the main market a package of about 30% through a capital increase. It's a process we're going through now," he said.</p>

<p>The funds obtained through the listing will be directed toward the development of all business lines.</p>

<p><em>iulian@romania-insider.com</em></p>

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