Expert-Grup

Ungheni Municipality Town Hall to Issue Municipal Bonds for the First Time to Develop Local Infrastructure

Wednesday, 13 May 2026205 views
Ungheni Municipality Town Hall to Issue Municipal Bonds for the First Time to Develop Local Infrastructure

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

Ungheni Town Hall is preparing its first municipal bond issue to finance local infrastructure. Victoriabank will act as financial intermediary under a contract signed on 12 May, with Independent Think Tank Expert-Grup supporting the process and the Dutch ambassador attending the event.

Municipal bonds were presented as a modern, flexible and transparent way for local authorities to raise funds for strategic investment. Mayor Vitalie Vrabie said the instrument would speed up concrete, visible projects, notably road repairs, without putting excessive pressure on the local budget. Under the draft decision prepared by the town hall, the proceeds will go to building and rehabilitating local roads, and the issue will follow capital market legislation and all required authorisation stages.

Victoriabank Vice-President Vitalie Corniciuc noted that this is the largest municipal bond issue the bank has intermediated so far. Expert-Grup Executive Director Adrian Lupusor welcomed Ungheni to the club of municipal bond issuers, and Ambassador Fred Duijn said diversified financing builds more resilient communities. Expert-Grup has already supported Chisinau (2022), Ceadir-Lunga (2021 and 2024), Singera (2021), Sireti (2025) and Costesti (2025); Ceadir-Lunga is due to launch its third issue next.

View the original article in Romanian