The NCFM approved the prospectus for the first public offering of Maib bonds under the Offer Program for a total amount of 400 million lei.
As noted in the message of the National Commission for the Financial Market, in particular, according to the prospectus, the Offer Program provides for continuous placement within 4 issues of corporate bonds of the same class within 12 months from the date of its publication, each subsequent issue will be carried out only after completion and closing stages of the offer preceding it. Within each issue of bonds, 5,000 bonds will be offered for placement, with a nominal value of 20,000 lei per bond, with a total volume of 100 million lei, respectively, the total amount of the offer under the Offer Program is 400 million lei, with a maturity of 3 years and a floating interest rate. The duration of the initial public offering of bonds for each issue will be 21 calendar days, after 5 calendar days from the date of publication of the placement announcement, with the possibility of its early closure by the issuer's decision, if all offered bonds are signed in full. Earlier it was reported that the largest bank in Moldova - maib will be the first of the Moldovan banks to list shares on the Bucharest Stock Exchange. The corresponding decision was made by its shareholders, voting for the approval of the proposal to admit maib shares to trading on the regulated market (main market), shares sector - International shares category, administered by the Bucharest Stock Exchange. It was also decided to register maib shares in the Romanian Financial Supervision Authority and in the system of the Romanian Central Securities Depository. Maib Council Chairman Vytautas Plunksnis noted that the successful listing of maib shares on the international stock exchange would be an important achievement not only for the bank, but for the whole country, as it would put Moldova in the spotlight of investors and attract foreign capital to the country. Giorgi Shagidze, Chairman of the Maib Board, noted that the bank's strategic goal is to list shares on the Bucharest Stock Exchange. “The listing will have many benefits for us and our clients - improved access to capital, lower financing costs, high transparency, better investor communication and better corporate governance. Last but not least, it will open the door for other businesses in the country to integrate into international capital markets, which will benefit the entire country,” he said. Maib is the largest bank in Moldova, accounting for about 33.2% of deposits and 37.2% of loans issued by the banking sector in 2022. The bank is of systemic importance, serving almost a third of the country's population. Since 2018, the bank's largest shareholder has been a consortium that includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL (a leading asset management group in the Baltics) and Horizon Capital (a private equity fund focused on emerging markets in Europe). Maib's net profit in 2022 amounted to 1 billion 131 million lei, an increase of 56.8% compared to 2021. //13.04.2023 — InfoMarket.
