Maib launches the public offer of municipal bonds issued by the Chișinău City Hall
Maib announces the launch of the public offer of the municipal bonds issued by the Chisinau City Hall, with a total value of 65 million lei. Thus, the Chișinău City Hall intends to invest in the modernization of the trolleybus infrastructure of the capital, in order to offer citizens access to qualitative transport services. The nominal value of a bond issued is 1000 lei, and the maturity - 7 years.
The public offer period (subscription period) is March 7, 2022 - March 28, 2022 (inclusive), from Monday till Friday, according to the working schedule between 8:00 - 17:00, with lunch break between 12:00 - 13:00, with the possibility of early closing of the Offer in case of subscribing the entire volume. The prospectus of the public offer can be accessed here. For details, interested persons can call: +373 22 303-397; +373 22 303-398; +373 22 303-237, or write an e-mail to the e-mail address: ecaterina.caraman@maib.md.
Maib participation in the intermediation of the bond issuance is an important event. During its 30 years of activity, the bank has positioned itself as an active promoter of financial innovations, contributing to the development of Moldovan capital markets. Through the issuance of bonds, maib encourages and supports future local investments in Chișinău.
Dumitru Baxan, Deputy Chairman of maib’s Management Board:
"By participating in the intermediation of the bond issuance, we commit to the development of the city in which we live and our clients do it as well. Maib is not only a bank with financial products and services for personal and business needs, but a reliable partner in the development of society. We are glad to have a successful collaboration with the Chișinău City Hall, including in the project of payment by card in public transport. We will offer all our expertise and professionalism in the strategic projects of the local public authorities, investing in innovation and the development of the local capital market”.
The issuance of municipal bonds will offer the possibility to attract investors through the capital market, as well as the diversification of investment instruments in conditions of maximum transparency.
Municipal bonds represent securities issued by cities or other local administrative-territorial forms. These institutions can issue municipal bonds for capital investments.
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 Chișinău.
About maib
Maib is the largest bank in Moldova and the national leader in banking, holding 31.4% of the assets of the banking sector. Over 35% of the country's population are maib clients, as well being one of the largest employers in the country. In 2021, for the second year in a row, maib was awarded the title of "Best Digital Bank Moldova" by the Global Banking and Finance Review. Maib was also awarded as "Best Bank in Moldova" by Global Finance and Euromoney Magazine.
Maib is widely recognized for qualitative customer service and innovative products. Since 2018, maib's largest shareholder is 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.
