The offer of green bonds to finance investments

• Oversubscribed in just 10 days after green bond issue launch
• The total value of the subscriptions made was 16,361,200 lei. The offering was oversubscribed by approximately 9%.
• The average value of the investment is 155,820 lei;
• 105 investors subscribing

Bucharest, Timisoara, 4 February 2021 Restart Energy, one of the largest independent electricity and natural gas suppliers on the local market, successfully completed a green bond offering held between January 20 and February 3, 2021, oversubscribed and closed early after the first 10 days of launch, obtaining financing of 16,361,200 lei. Conformable The offer documentthe value of the offer was 15,000,000 lei, with the possibility of integration.

The bond issue marks the company’s entry into the capital market and represents the first step in implementing its development strategy over the next 5 years. Through this approach, Restart Energy aimed to obtain a minimum of 3 million euros for investments. The interest rate will be 9%, the maturity date is 02.09.2026 and the steps for listing on the Bucharest Stock Exchange – SMT will be started in the next period. The placement was brokered by the brokerage firm GOLD RING and run through the stock exchange system (BVB).

Restart Energy’s strategy aims to expand the number of customers and, implicitly, market share, integrate renewable production assets, regional expansion and achieve the goal of providing energy from 100% renewable sources.

Demand for Restart Energy bonds was high, with the issuer deciding to supplement the offering and close early on February 3, 2021. Therefore, the total number of subscribed bonds was 163,612, while the total number of unique subscribers was 105. The average investment value is 155,820 lei.

«In the first month of the year we have already marked two important milestones in our strategy: the partnership in a joint venture with the American company Interlink Capital Strategies of Washington, DC (USA) and this green bond issue which puts us on a clear execution horizon to achieve the objectives in the proposed term. Together with Goldring’s partners we managed to take this first significant step for Restart Energy One in a very short time. We are impressed by the real interest, by the trust received from such a large number of investors.

At the same time, we have already taken the first steps in the directions assumed in the Offer Document and will soon make some communications in this regard», he stated Armand DomuțaCEO and founder of Restart Energy.

“It was also a pleasant surprise for us to see the great investor appetite for green bonds and we are pleased to have brokered this first on the Romanian capital market. Restart Energy has brought, for the first time, convertible green bonds to Romania, an opportunity to enter, in the long term, an innovative business, including a technological one, in the emerging and growing green energy sector. We wait to see the bonds on the market, the evolution of the issuer in the next period and, why not, to return to investors with a second round of bonds«he declared Virgil ZahnCEO of SSIF Goldring.

The management of Restart Energy, a company founded in 2015 in Timișoara, aims to significantly increase turnover by increasing the number of customers, but also by adding new business lines, such as the sale of equipment. Restart Energy is therefore counting on a turnover of 220 million lei in 2021, 100 million lei (+83%) more than last year. The company’s management expects to achieve a net profit of 24.2 million lei at the end of 2021, compared to approximately 13 million lei (estimated) last year.

Depre Restart Energy

Restart Energy is an independent supplier of electricity and natural gas, with 100% Romanian capital, founded in 2015 in Timișoara. Restart Energy has over 30,000 individual customers and approximately 5,000 corporate customers. The company operates in Romania and Serbia and, starting in 2021, plans to expand into several European markets, including Germany and Spain.

Contact:

Andrea Petrica

Marketing and PR, Restart Energy

[email protected]

+40 743 50 89 88