Ceadîr-Lunga Launches Second Municipal Bond Issue to Modernise Infrastructure

The funds will be used to rehabilitate seven roads, including pavements, paving and access for ambulances and emergency services. The first issue was launched three years ago. Officials stressed that the instrument is accessible to transparent, financially stable localities, gives local authorities more flexibility and reduces dependence on the central budget.

Adrian Lupușor of the Independent Think Tank “Expert-Grup”, which advised the municipality throughout, said the floating rate of 6.58% makes it the most attractive instrument on the market, with minimal risk and income that is tax-free for individuals. Subscription lasts 30 days. The bonds have a nominal value of MDL 1,000 and a three-year term, with interest paid semi-annually and linked to one-year government securities auctions plus a constant margin. The event was supported by the Netherlands Embassy.