Global law firm Dentons has advised Societatea Energetică Electrica S.A., one of the leading players in Romania’s energy sector, on the establishment of its 1 billion euros Euro Medium-Term Note (EMTN) programme.

The programme enables Electrica to issue bonds in multiple tranches, depending on its financing needs and market conditions, up to an aggregate nominal amount outstanding of 1 billion euros or its equivalent in other currencies.

The Dentons team was led by London partner Nick Hayday and included associates Ed Varney and Tom Day from the Capital Markets practice, supported by a Bucharest team comprising senior associate Alin Roca and associate Bogdan Galatanu from the Capital Markets practice, and Energy partner Claudiu Munteanu-Jipescu.