Expert-Grup

Sireți Launches MDL 3 Million Public Bond Offering

Wednesday, 3 September 20252072 views
Sireți Launches MDL 3 Million Public Bond Offering

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

The village of Sireți in Moldova has launched a public offering of municipal bonds worth MDL 3 million to rebuild sections of local roads. The launch event gathered central and local officials, financial institutions, development partners and potential investors.

The offer has two classes of MDL 1.5 million each: Class I matures in 2 years at a fixed 8.75% annual rate, and Class II in 3 years at a fixed 9.00%. Each bond has a nominal value of MDL 1,000 and is backed directly by the town hall's own revenues. Individuals and legal entities can subscribe through Victoriabank, the intermediary.

Dumitru Budianschi, head of the National Financial Market Commission, said a village hall issuing bonds, alongside the larger Chișinău, shows the instrument's flexibility. Vitalie Corniciuc of Victoriabank stressed a simple, transparent subscription process, and deputy mayor Irina Roșca called Sireți the first rural locality to show that financial innovation supports community progress. The event was moderated by Dumitru Pîntea of Expert-Grup. The programme, backed by the Netherlands Embassy, previously supported Chișinău (2022), Ceadîr-Lunga (2021 and 2024) and Sîngera (2021).

View the original article in Romanian