News

Data about the Activity of Moldovan Commercial Banks on July 31, 2025Dr. Sándor Csány: Being the 4th largest, OTP in Moldova will grow both organically as well as through possible mergers and acquisitions It seems to be a place, but it is notScott HOCKLANDER: For me, the persistence of Moldovan citizens is not only a learned lesson, but also a great exampleSorin MASLO: "The year 2022 was a turning point for the "Cricova" Wine Combine, the turnover increased by almost 25%"Deposit rates are at their peak. Market conjuncture or Why banks need individuals’ depositsValeriu LAZĂR: "If the state does not support business today, tomorrow it will have no one to collect taxes from.Chisinau Airport as a reflection of statehoodMonetary measures against non-monetary inflationBanks as the fulcrum of the economy: they have increased profits and are preparing for the challenges of the 2H 2022The Ministry of Finance and investors in the State Securities market at the peak of placement volumesThe banking market: turmoil and increased demand. No panicIs Moldova ready for the economic consequences of the war in the neighboring country?Are we heading for hyperinflation? It all depends on the correct diagnosis and the prescribed treatmentWhat is happening in the Government Securities Market and what does the National Bank have to do with it?The wine industry is on the verge of a revolution: Is the industry-specific law bankrupting enterprises? The trap for the oil products marketLászló DIÓSI: Foreign investments come to Moldova due to banking system stabilityWhen there is no program with the IMF, we issue are government securities ...Nikolay BORISSOV: “Acquisition of Moldindconbank is the best procurement in the Moldovan market, albeit the most risky one”Oil Ping Pong GamesBanking 2020 - pandemic, profitableWeird 2020: humility, depression, rebellion, accepting a new realityThe Hunger Games of the foreign exchange marketHow to tame liquidity?Veaceslav IONITA: The government killed the business, but flirted with the populationPeople and Business: Natural and Unnatural SelectionAlexandru BURDEINII: Being ethical becomes vital in business nowadaysMoldova’s Key Macroeconomic IndicatorsPrices at filling stations

Trans Oil Group, the largest agricultural and industrial holding in Moldova, has successfully placed an additional $50 million Eurobond issue maturing in 2026.

Trans Oil Group, the largest agricultural and industrial holding in Moldova, has successfully placed an additional $50 million Eurobond issue maturing in 2026.

In particular, as a result of the additional placement, the total amount of the Eurobond issue reached the benchmark size of $500 million, taking into account the main placement of S $400 million in April 2021 and the first additional placement of $50 million in June, which contributes to the growth of demand from investors and the improvement of securities liquidity. The second additional placement was organized against the background of strong dynamics of the issue in secondary trading and attracted extremely high demand from investors: the order book was oversubscribed six times with a total amount of orders of about $300 million. The quality demand was driven by institutional investors from the US, UK and Continental Europe, which accounted for approximately 50%, 25% and 25% of all applications, respectively. As a result, the additional placement took place at 104.125 of par, which reflects the final yield of 7.33% (YTW), which is significantly lower than the yield of the original issue. The transaction further optimized the group's capital structure and debt repayment schedule by replacing short-term trade finance with long-term debt, which will also contribute to revenue growth. The rating agencies S&P and Fitch have affirmed the credit ratings of the group and the Eurobond issue, taking into account the proposed additional placement. Citi, ING and Renaissance Capital acted as joint co-organizers and bookrunners of the additional placement. Vaja Jhashi, CEO and founder of Trans-Oil Group, said that the exceptionally high demand from international investors for the new additional placement proves once again that the company demonstrates consistently good performance, strengthens its business model and has high creditworthiness. “We are grateful to our long-term investors for their support and are pleased with the new bondholders - all of them will benefit from the high liquidity of the issue with a total benchmark volume of $500 million. The new bond issue will further improve our capital structure and contribute to the sustainable growth and development of the group as a leading player in the regional agro-industrial market,” he said. // 17.09.2021 – InfoMarket

News on the subject