Expert-Grup

Expert-Grup Launches the Guide “Municipal Bonds Step by Step”, a Working Manual for Town Halls

Friday, 23 October 202612 views
Project:
Program for supporting 4 LPAs in Launching Municipal Bonds

Automatically translated summary. The full text is available in Romanian.

The Independent Think Tank “Expert-Grup” has published “Municipal Bonds Step by Step: A Practical Guide for Town Halls”, produced with support from the Embassy of the Kingdom of the Netherlands in Moldova. It is aimed at mayors, accountants, finance and procurement specialists and local councillors, and is available as a PDF and in an interactive version.

Since 2021, seven municipalities have raised MDL 112 million through nine municipal bond issues, all fully subscribed; the first two have been repaid on time. The guide consolidates experience previously scattered across prospectuses, council decisions and studies, and explains the legal rules in plain language.

It divides the process into four phases and nine steps, lasting about six months. In 2026 the issues in Ceadîr-Lunga, Ungheni and Leova took 165–181 days. The guide includes a table of 11 rules, a ten-condition readiness test, issue structure parameters, cost estimates (about 0.8–1% of the sum for issues of MDL 9–10 million, about 3% for MDL 3 million), 11 risks, FAQs, a 28-point checklist and annexes with a 32-term glossary.

View the original in Romanian