Moldova's National Commission for Financial Markets has approved the prospectus for the Costești village mayoralty (Ialoveni district) to conduct a public offer of municipal bonds totalling MDL 4.5 million, with proceeds intended for completing a wastewater treatment plant and commissioning the local sewerage system. Costești is the sixth Moldovan locality to raise financing through a municipal bond issue. The offer comprises 45,000 bonds with a nominal value of MDL 100, split into three classes of MDL 1.5 million each. Class I and II bonds have maturities of two and three years with fixed coupon rates of 7.50% and 7.70% paid semi-annually, while Class III has a four-year term with a floating semi-annual coupon linked to the weighted-average effective interest rate on 182-day government securities over the six months preceding each coupon payment date, plus a 0.5% margin. Bonds are available to both individuals and legal entities and are sold in “lots” containing one bond from each class, with BC “MAIB” SA acting as the intermediary; the issuance forms part of a local authority support programme implemented by Independent Analytical Centre Expert-Grup with support from the Embassy of the Kingdom of the Netherlands in Moldova. Subscription runs for 14 calendar days from the launch date.
National Commission for Financial Markets 2025-09-22
Moldova's National Commission for Financial Markets approves Costești MDL 4.5 million municipal bond public offer
Moldova's National Commission for Financial Markets approved a prospectus for Costești village to issue MDL 4.5 million in municipal bonds for local infrastructure projects. The issuance includes 45,000 bonds across three classes with varying maturities and coupon rates, available to individuals and legal entities. BC “MAIB” SA is the intermediary, supported by the Independent Analytical Centre Expert-Grup and the Embassy of the Kingdom of the Netherlands.