Four Training Sessions to Prepare State-Owned Companies for Accessing the Capital Market

The first session introduced how the capital market works, financing instruments, corporate bonds, stock exchange listing and corporate governance. The second, delivered by maib on 8 July, covered the stages of a bond issue, issuer requirements, structuring options and how bonds differ from bank credit. On 9 July Victoriabank focused on corporate governance and becoming an issuer, including transparency, credible financial reporting, audit, internal control and investor communication.

The series closed on 10 July with a session by the Moldova International Stock Exchange on listing bonds, from preparation and prospectus approval to placement and admission to trading, with a practical simulation of the listing timeline and an international case study. The trainings are a first step: the first corporate bond issues and listing initiatives are planned for the coming period, to modernise state companies and develop the capital market.