Maib launches public offering of municipal bonds issued by Chișinău City Hall
Automatically translated summary. The full article is available in Romanian.
Maib has announced the launch of a public offering of municipal bonds issued by the Chișinău City Hall, worth MDL 65 million in total. The city intends to invest the proceeds in modernising the capital's trolleybus fleet, so that residents have access to quality public transport services.
Each bond has a nominal value of MDL 1,000 and a maturity of 7 years. The subscription period runs from 7 March to 28 March 2022 inclusive, on working days from 8:00 to 17:00, with a lunch break from 12:00 to 13:00. The offering may close early if the entire volume is subscribed.
Dumitru Baxan, Vice-Chairman of the maib Management Committee, said the bank contributes to the city's development and is a trusted partner, including in the card payment project for public transport. The issue will attract investors through the capital market and diversify investment instruments. Chișinău was one of three city halls selected through a competition launched by Expert-Grup in autumn 2020 and received training on the issuing process. The first municipal bond issues in Moldova are initiated by the Independent Think Tank “Expert-Grup” in a project funded by the Embassy of the Kingdom of the Netherlands.
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