Costești Town Hall prepares its first municipal bond issue – financial intermediary contracted

Expert-Grup executive director Adrian Lupusor described municipal bonds as a feasible tool for local authorities to fund infrastructure, and an attractive option for investors thanks to low risk and attractive interest rates. Mayor Ilie Ionas said the funds would finance infrastructure, public services and community spaces without pressure on the local budget. Dumitru Baxan of maib expects the project to become a good-practice example for other rural localities.

Next steps are obtaining approvals from the Ministry of Finance, drafting the public offer prospectus (interest rate, maturity, nominal values, payment periods and investment projects), identifying potential investors, launching the offer and issuing the bonds. Earlier beneficiaries of Expert-Grup support were Chisinau (2022), Ceadir-Lunga (2021 and 2024) and Singera (2021).