First Municipal Bonds for Sireți Town Hall: Financial Intermediary Contracted
Automatically translated summary. The full article is available in Romanian.
The Sireți town hall has signed an intermediation contract with Victoriabank and the Independent Think Tank “Expert-Grup” for its first municipal bond issue. The bank was selected through an open competition in March 2025. The issue will raise funds for local road infrastructure projects in the village of Sireți, Moldova.
The town hall plans to raise MDL 3 million to build and modernise local roads with a total length of almost 7 km. Mayor Leonid Boaghi called municipal bonds a modern, efficient and transparent instrument. Adrian Lupușor of Expert-Grup noted that bonds have proven feasible after 4 successful issues supported by the think tank, and expressed confidence that this one will be fully subscribed on schedule.
Next steps are obtaining approvals from the Ministry of Finance, drafting the public offering prospectus (interest rate, maturity, nominal values, payment periods), identifying potential investors, launching the public offer and issuing the bonds, all during the current year. Expert-Grup previously supported Chișinău (2022), Ceadîr-Lunga (2021 and 2024) and Sîngera (2021). The programme is funded by the Embassy of the Kingdom of the Netherlands.
Other articles in the same category
See all
Expert-Grup launches monthly press conference series on the state of the economy: growth, inflation and energy challenges at the centre of the first edition
Moldova Economic Thermometer: The Economy Remains on a Growth Path, but Momentum Cooled in July; Q2 GDP Confirmed the Direction Signalled, but Not the Magnitude
Expert-Grup launches “Economic Reality Analysed by Expert-Grup”, a monthly press conference series on the state of the economy
