CNPF has approved the prospectus for the initial public offering of bonds issued by Moldova-Agroindbank for a total of 1 billion lei.
According to the report of the National Financial Market Commission, in particular, it approved the prospectus of initial public placement of bonds issued by Moldova-Agroindbank with the following characteristics: registered, immaterialized, non-convertible bonds of classes II, III, IV, V, VI and VII with a maturity of 3 years, guaranteed by the bank's own income, offered for continuous placement within the offer program (a total of 10 issues of 5000 bonds each, within a period not exceeding 12 months from the date of publication of the prospectus), with a total volume of 1 billion lei, in the amount of 50 thousand units, with a nominal value of 20 thousand lei per bond, with assignment of a separate ISIN code for each issuance cycle indicated in the announcement on the offer. The interest rate on the bonds is floating, linked to the weighted average interest rate on newly attracted deposits, common for the banking sector (in national currency), with a term of 6 to 12 months, published on the official website of the National Bank of Moldova as of the date of the first day of the public offer period (subscription period) and which changes annually on the same day (month and day) when the offer period started + fixed margin set by class (II class: -1.0%; Class III:-0.5%; Class IV: 0.00%; Class V: 0.5%; Class VI: 1.0%; Class VII: 1.5%), payable monthly. The decision on the issue of a specific class of bonds to be issued within the Offer Program is approved by the Management Board of Moldova-Agroindbank after the completion and closing of each issuance cycle within the Offer Program. // 23.11.2023 - InfoMarket
