Corporate bonds were sold for the first time on the Moldova Stock Exchange.
The volume of the transaction for the sale of 2 Maib bonds exceeded 40.4 thousand lei. This was reported by the Stock Exchange of Moldova and the National Commission for Financial Market, noting that the purchase and sale transaction took place on September 27. As the Stock Exchange of Moldova emphasized, this week, for the first time for Moldova, applications for the sale of corporate bonds issued by Moldova-Agroindbank were placed on the Stock Exchange of Moldova, and on September 27, the first transaction with this type of financial instrument was registered. The transaction volume amounted to 40,444.94 lei. The corporate bonds sold (ISIN: MD1004000037) are the 3rd issue of 4 issued by Maib, all of which are listed on the regulated market of the Stock Exchange. As specified by the NCFM, as part of the transaction, 2 corporate bonds were sold at a price of 20,222.47 lei each of the 37 bonds put up for sale. The coupon rate on MD1004000037 is floating and currently stands at 7%, pegged to the interest rate offered by maib to individuals on a maib classic deposit opened for a period of 365 days, plus a fixed margin of 2%, which will be paid quarterly. Tradable corporate bonds, also called debt securities, were issued with a nominal value of 20 thousand lei, with a maturity of 3 years, with a coupon rate of 7% and provide for quarterly interest payments. As noted by the NCFM, although the transaction with the specified corporate bonds on the secondary market carried out on the FBM was insignificant, it is proof that the capital market mechanisms in Moldova for the capitalization of long-term investments work and can help increase the financial benefits of investors. Thus, the Stock Exchange, as a transparent and orderly platform for trading securities, offers such facilities and investors can be confident that they can easily convert long-term investments into liquidity when required. Corporate bonds are one of the most effective forms of financing. At the same time, investors should analyze the situation before using this financial instrument in order to assess all the risks associated with it. In order to increase confidence in the services and financial instruments typical of the capital market in Moldova and increase interest in such investments, the NCFM, with the support of the USAID Program, has developed a Practical Guide to the Issuance and Trading of Corporate Bonds. The guide is intended for issuers of corporate bonds, as well as individuals and legal entities who want to invest in the capital market with the aim of generating future profits. // 29.09.2023 — InfoMarket
