Primaria satului Costesti made significant progress by issuing and admitting its municipal bonds to trading on the ATS of the Moldova Stock Exchange (MSE). This decision represents a continuation of efforts to attract capital for financing local projects.
The intermediary for the municipal bond issuance is MAIB, a commercial bank with extensive experience in managing and distributing financial instruments on the capital market. The intermediary’s role was essential in facilitating the City Hall’s access to investors and ensuring compliance throughout the issuance and admission process on the ATS of the Moldova Stock Exchange, thereby providing professional support in structuring and promoting the municipal bonds to a wide range of potential investors.
Bonds issued by local public authorities (Local Public Authorities) are financial instruments issued by local governments to finance infrastructure investments. The project in Costești will bring multiple benefits, including:
-
social and environmental, by improving residents’ quality of life and protecting the environment;
-
economic, by strengthening infrastructure and stimulating local development;
-
financial, by ensuring the sustainability of the community’s budget.
Characteristics of the municipal bond issuance by Primaria satului Costesti:
| Maturity period |
ISIN |
Nominal value, MDL |
Quantity, units |
Issuance volume, thousand mdl |
Settlement date |
Maturity date |
Type
OM |
Annual interest rate, % |
| 2 years |
MD2004000084 |
100 |
15 000 |
1 500,00 |
22.10.2025 |
22.10.2027 |
Fixed-rate municipal bonds |
7,50 |
| 3 years |
MD2004000092 |
100 |
15 000 |
1 500,00 |
22.10.2025 |
22.10.2028 |
Fixed-rate municipal bonds |
7,70 |
| 4 years |
MD2004000100 |
100 |
15 000 |
1 500,00 |
22.10.2025 |
22.10.2029 |
floating municipal bonds |
floating |
