Expert-Grup

Ungheni and Leova Launch Public Offers of Municipal Bonds Worth MDL 19 Million in Total for Local Development Projects

Monday, 10 August 202615 views
Ungheni and Leova Launch Public Offers of Municipal Bonds Worth MDL 19 Million in Total for Local Development Projects

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

The town halls of Ungheni and Leova have launched their first public offers of municipal bonds, worth MDL 19 million in total, to finance local infrastructure projects. The offers were presented at a launch event and are supported by Independent Think Tank Expert-Grup and the Embassy of the Kingdom of the Netherlands, with Victoriabank as financial intermediary.

Ungheni seeks MDL 10 million to modernise six streets (about 25,600 sq m of carriageway), through 10,000 bonds of MDL 1,000 each. Leova seeks MDL 9 million, through 9,000 bonds, to rehabilitate two courtyards of about 1.7 ha beside five blocks in the central district, including footpaths, playgrounds, lighting and green spaces. Both offers have three classes: 2 years at a fixed 9.5%, 3 years at a fixed 10%, and 4 years at a floating rate based on the 182-day treasury bill reference rate plus 0.5 percentage points.

Subscription runs from 10 August to 8 September 2026. For the first two days (10-11 August) only resident and non-resident individuals may subscribe; thereafter all eligible investors, including legal entities, may do so, and the offer may close early if fully subscribed. Vladimir Rusnac of the National Financial Market Commission promised new regulations to reduce administrative barriers, and Maaike Keizer of the Dutch Embassy called the bonds a way to strengthen local administrations. Earlier issuers supported by Expert-Grup include Chișinău, Ceadîr-Lunga, Sîngera, Sireți and Costești.

View the original article in Romanian