Expert-Grup

Costești Town Hall Issues MDL 4.5 Million in Municipal Bonds to Finance Local Infrastructure

Monday, 22 September 20252784 views
Costești Town Hall Issues MDL 4.5 Million in Municipal Bonds to Finance Local Infrastructure

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

Costești town hall in Moldova has launched its first public offering of municipal bonds worth MDL 4.5 million to fund a sewerage and wastewater treatment project. The launch event brought together Dutch embassy, financial regulator, bank and local officials, with Expert-Grup as moderator.

The offer has three classes of MDL 1.5 million each, maturing in 2, 3 and 4 years, with a nominal value of MDL 100 per bond. Subscription ran from 22 September to 5 October 2025, with maib acting as intermediary and the prospectus available at the town hall, maib and their websites.

Speakers presented the issue as proof that even rural communities can tap the capital market. Maaike Keizer of the Dutch Embassy stressed transparency and trust; Dumitru Budianschi of the National Financial Market Commission called it a sign of market maturity; and acting mayor Victor Țurcan said the next step after completing the sewerage network is rebuilding the treatment plant. Adrian Lupușor said Expert-Grup has promoted municipal bonds since 2020 with Dutch support, with five successful issues so far (Sireți, Ceadîr-Lunga in 2021 and 2024, Chișinău, Sîngera) and Costești expected to be the sixth.

View the original article in Romanian