Moldova's National Commission for Financial Markets approved prospectuses for primary market municipal bond offerings by Leova and Ungheni totaling MDL 19 million. Leova will raise MDL 9 million for urban rehabilitation and public infrastructure in its central district, while Ungheni will raise MDL 10 million to modernize local roads. Each offering comprises two-year bonds paying a fixed 9.5% rate, three-year bonds paying a fixed 10% rate and four-year floating-rate bonds linked to the weighted average nominal rate on 182-day Treasury bills plus 0.5 percentage points. Leova's bonds are backed by municipal revenue and will be admitted to trading on the regulated market after the offering. The commission also registered the incorporation issue of AVION-L.V., which has share capital of MDL 12.3 million following its conversion into a joint-stock company.
National Commission for Financial Markets2026-08-07
Moldova's National Commission for Financial Markets approves MDL 19 million of municipal bond offerings
Moldova's National Commission for Financial Markets approved municipal bond offerings by Leova and Ungheni totaling MDL 19 million to finance urban infrastructure and road projects. The offerings include two- and three-year fixed-rate bonds and four-year floating-rate bonds linked to 182-day Treasury bills.