Maib announces the successful end of the subscription period for the public offer of municipal bonds issued by the Chisinau City Hall. Thus, the National Financial Market Commission approved the report on the results of the issue.
The citizens showed great interest in financing the modernization project of the trolleybus fleet of Chisinau, thus contributing to the development of quality transport services, with 56 subscribers, including 3 legal entities and 53 individuals. The bonds were placed in a total volume of 65 million lei, provided in the "Prospectus of the primary public offer of municipal bonds issued by the Chisinau City Hall".
Bonds will be admitted to trading on the regulated market of the Moldovan Stock Exchange and, as a result, those wishing to invest in bonds will be able to benefit from this possibility in the future.
We remind you that the subscription took place between March 7 and 28, this year, the nominal value of a bond being 1000 lei, and the circulation term is 7 years.
Municipal bonds represent securities issued by cities or other local administrative-territorial forms. These institutions can issue municipal bond issues for capital investments. The issuance of municipal bonds offers the possibility to attract investors through the capital market, as well as the diversification of investment instruments in conditions of maximum transparency.
The participation of maib in the intermediation of the bond issue is an important event. During its more than 30 years of activity, the bank has positioned itself as an active promoter of financial innovations, contributing to the development of the Moldovan capital markets. Through the issuance of municipal bonds, maib encourages and supports future local investments in the capital.
Maib is developing partnerships with the municipality, financing several important development projects, including the modernization of the transport infrastructure. Please note that maib and Mastercard are participating in the first stage of the pilot project for cashless payment in public transport units in Chisinau.
About maib
Maib is the largest bank in Moldova, holding 31.4% of the banking sector's assets, according to data as of December 31, 2021. The bank serves over 35% of the country's population and is one of the largest employers in the republic. In 2021, maib was named "Best Digital Bank Moldova" by the Global Banking and Finance Review for the second year in a row. At the same time, in 2022, it obtained the title of "Best Bank in Moldova" for the sixth consecutive year, according to the contest organized by Global Finance.
Maib is widely recognized for its quality of service and innovative products. Since 2018, maib's largest shareholder has been a consortium that includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL, an asset management group in the Baltic countries and Horizon Capital, a private investment fund focused on emerging markets in Europe.
