Moldova's National Commission for Financial Markets adopted a set of authorisation and supervisory decisions covering capital markets and consumer protection, including registering the results of a local authority bond issuance by the Sireți mayor’s office, authorising the corporate reorganisation of Magazinul Universal Central “UNIC” SA, and rejecting a challenge brought by non-bank credit organisation “IUTE CREDIT” SRL. The Sireți issuance comprised two tranches of registered, dematerialised, non-convertible bonds backed by the revenues of the administrative-territorial unit: class I (two-year) and class II (three-year), each of MDL 1.5 million across 1,500 bonds with a nominal value of MDL 1,000. The fixed annual coupons are 8.75% (class I) and 9.00% (class II), paid semi-annually; the public offer ran from 3 September 2025 to 11 September 2025 and was fully subscribed, with 3,000 bonds purchased for a total of MDL 3.0 million by 36 individuals and two legal entities (insurance companies). The Commission also authorised UNIC’s reorganisation by transformation into the limited liability company “UNIC” and dismissed IUTE CREDIT’s preliminary complaint against CNPF Decision No. 37/3 of 5 August 2025, which had found certain clauses in a credit contract to be abusive.
National Commission for Financial Markets 2025-09-25
Moldova's National Commission for Financial Markets registers Sireți municipal bond issue results, approves UNIC reorganization and rejects Iute Credit complaint
Moldova's National Commission for Financial Markets made decisions on capital markets and consumer protection, registering a Sireți mayor’s office bond issuance and authorising Magazinul Universal Central “UNIC” SA's corporate reorganisation. The Sireți bond issuance involved two tranches totaling MDL 3.0 million, fully subscribed by 36 individuals and two legal entities. Additionally, the Commission dismissed a challenge by “IUTE CREDIT” SRL against a decision on abusive credit contract clauses.