Economica.net<\/a>.<\/p>\nNicu\u015for Dan also recalled that two days ago, Fitch reconfirmed Bucharest’s individual rating at “A,” four notches above Romania’s rating.<\/p>\n
The bonds are denominated in RON, issued in dematerialized form by registration in the account, unsecured, non-convertible, with a fixed annual interest rate of 8.47% and a maturity of 6 years. The bonds were sold in Romania to 26 qualified investors.\u00a0<\/p>\n
The prospectus will be published when securities are offered to the public or admitted to trading on a regulated market.<\/p>\n
The placement was carried out by the association formed by Alpha Bank Romania, Banca Comercial\u0103 Rom\u00e2n\u0103, BRD \u2013 Groupe Societe Generale, and Raiffeisen Bank and took place on April 16 – 17, 2025 (bookbuilding).<\/p>\n
The Issuer will take the necessary steps to admit the bonds to trading on the regulated market administered by the Bucharest Stock Exchange, the PMB said in the report.<\/p>\n
The Municipality of Bucharest has three other bonds listed at Bucharest Exchange \u2013 RON 555 million issued in April 2018 and maturity in 2028 (with a 5.6% coupon), RON 555 million issued in April 2022 and maturing in 2032 (7.33% coupon), and RON 555 million issued in April 2023 and maturing in 2030 (8.9% coupon).<\/p>\n
In 2005, during the term of former mayor Adrian Videanu, bonds of EUR 500 million were issued, a loan later divided into four tranches of RON 555 million. Since then, the four tranches have been refinanced.\u00a0<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n(Photo source: Inquam Photos\/George Calin)<\/em><\/p>","protected":false},"excerpt":{"rendered":"The Municipality of Bucharest (PMB) completed the issuance and placement of bonds with a total nominal value of RON 555.1 million (EUR 111 million), PMB announced in a note to investors at the Bucharest Stock Exchange, where the bonds will be listed. The issue was heavily oversubscribed, with banks placing orders for 190% of the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4676","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/4676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4676"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/4676\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}