Invest in municipal bonds issued by the Sîngera and Ceadîr-Lunga city halls
Automatically translated summary. The full article is available in Romanian.
The city halls of Sîngera and Ceadîr-Lunga have carried out the first municipal bond issues in the Republic of Moldova, aiming to raise funds for two local infrastructure projects. The issues, intermediated by Victoriabank, were open for subscription from 5 August 2021 and have since closed early after full subscription.
The funds raised will finance the construction of a water supply pipeline in the town of Sîngera and the reconstruction of 11 road sections in the municipality of Ceadîr-Lunga. The subscription period was initially set for 5 August to 3 September 2021 inclusive, with the option of closing the public offer early at the local authorities' decision.
An update states that subscription ended ahead of schedule, as the amounts set out in the public offer prospectuses were fully subscribed before the original deadline. The article links to both prospectuses and presentation materials for investors, including one from Victoriabank. The process was initiated by the Independent Think Tank “Expert-Grup” under the project “Local government bonds as a measure to increase local autonomy”, funded by the Embassy of the Kingdom of the Netherlands in the Republic of Moldova.
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