.PNG)
The National Commission for Financial Markets approved the prospectus of the public offer regarding the first bond issue announced by the Chisinau Municipality. The financial resources attracted through the issue shall be used for the implementation of the Investment Project “Modernization of the Trolleybus Park of Chisinau Municipality”.
The offer prospectus of the Chisinau Municipality provides for the issuance, through a public offer, of 65,000 first class bonds (with a circulation term of 7 years) with a nominal value of 1,000 lei per bond in a total amount of 65 million lei, which will be mediated by CB „Moldova-Agroindbank” JSC.
The interest rate of the public offer is a floating one (determined as a weighted average rate, calculated for state securities with a maturity of 364 days for a period of 6 months preceding the payment of the coupon, plus a fixed margin of 1.1%), which will be paid every 6 months.
The non-banking supervisory authority mentions that the bonds issued in the public offer announced by the Chisinau Municipality can be purchased only during the subscription period: March 7, 2022 - March 28, 2022 (inclusive), by submitting an application to the headquarters of CB "Moldova-Agroindbank" JSC, address: 104/1 Columna street, office 4, Chisinau Municipality.
At the same time, the purchase of bonds by interested investors will be made on the basis of a draft-application that can be accessed on the web page of the intermediary CB “Moldova-Agroindbank” JSC, (https://www.maib.md/files/2022/Servicii%20pe%20piata%20de%20capital/cerere_subscriere%20spre%20publicare.pdf), these being allocated according to the subscription principle “first come, first served”, taking into account the actual payment of funds until the expiration date of the subscription period.
The closing date of the bond subscription is 28.03.2022, by the end of the working day, with the possibility of early closing of the Public Offer, in case all the bonds will be sold.
It should be noted that the natural and legal persons interested in acquisition of municipal bonds issued by the Chisinau Municipality can consult in advance the prospectus of the public offer and the documents related to the offer at the Chisinau Municipality and CB „Moldova-Agroindbank” JSC premises, on their web pages, as well as the official web page of the non-banking supervisory authority: www.cnpf.md
In the opinion of the supervisory authority, bonds issued by local public authorities can serve as an incentive to boost the capital market and diversify business opportunities for potential investors. At the same time, we warn you that any investor who intends to apply to the offer must carry out his own analysis and evaluation of the information contained in the Prospectus, respectively, the decision to purchase the bonds must be on your own assumption.
