The first transaction with government bonds in its history was concluded on the Stock Exchange of Moldova (BVM).
The completion of the first transaction with government bonds on the platform of the Stock Exchange of Moldova marks an important moment in the development of the domestic financial market, BVM said in a statement. "This first transaction represents an important step in the consolidation of the capital market in Moldova and emphasizes the continuous efforts of financial market participants and regulators to develop and diversify the range of financial products available to investors, while increasing the attractiveness of financial instruments issued by the Moldovan government by creating a secondary market based on free market principles. According to BVM, in particular, a transaction was made with 50 government bonds with a fixed coupon rate (interest) of 8.5%, with a circulation term of 5 years. Periodicity of coupon payment is semi-annual. Nominal value of 1 government bond - 100 lei; purchase and sale price of the government bond on BVM - 103,07 lei; transaction date: November 01, 2023, total value of the transaction: 5153,5 lei. maib acted as an intermediary in the transaction, both from the seller's side and from the buyer's side. According to BVM, the launch of operations with government bonds on the Stock Exchange of Moldova creates opportunities for investors to diversify their portfolios and participate in the economic development of the country. Government bonds are a safe way to invest, as they are issued by the government and backed by its financial strength. They can benefit not only institutional investors but also individuals who want to invest in a low-risk financial instrument. BVM emphasized that it remains committed to further developing the capital market and supporting sustainable economic growth, seeks to further facilitate transactions in all types of financial instruments and will promote transparency, liquidity and confidence in our financial markets. "We look forward to new transactions and collaborations that will benefit investors and issuers across the region," BVM said. // 02.11.2023 – InfoMarket
