The National Commission for Financial Markets has published details of a public offering of municipal bonds by Sireți City Hall in the Strășeni district, described as the first such issuance by a rural locality in the Republic of Moldova. The MDL 3 million proceeds are earmarked for modernisation and reconstruction of local roads. The offer is split into two bond classes issued simultaneously: MDL 1,500,000 with a two-year term and a fixed 8.75% annual coupon, and MDL 1,500,000 with a three-year term and a fixed 9.00% annual coupon. The nominal value is MDL 1,000 per bond, and the bonds are secured directly by Sireți City Hall’s own revenues. Subscription is open for 20 calendar days to both individuals and legal entities via BC Victoriabank SA as the financial intermediary, and the issuance forms part of a municipal bond support programme implemented by the Independent Analytical Center Expert-Grup with support from the Embassy of the Kingdom of the Netherlands in the Republic of Moldova.
National Commission for Financial Markets 2025-09-03
Moldova's National Commission for Financial Markets announces Sireți City Hall’s MDL 3 million municipal bond public offering
The National Commission for Financial Markets announced the first municipal bond issuance by a rural locality in Moldova, with Sireți City Hall offering MDL 3 million in bonds for road modernization. The issuance includes two bond classes: a two-year term at 8.75% and a three-year term at 9.00%, secured by city hall revenues. The offering is part of a municipal bond support programme facilitated by Expert-Grup and supported by the Dutch Embassy.