Approval of the Prospectus for the Primary Public Offer of Bonds Issued by the Leova City Municipality

REPUBLIC OF MOLDOVA
NATIONAL COMMISSION OF THE FINANCIAL MARKET
77 Stefan cel Mare si Sfant Blvd., Chisinau, MD 2012, tel: (373 22) 859 401, www.cnpf.md, e-mail: office@cnpf.md DECISION August 4, 2026 No. 38/3 On the approval of the prospectus for the primary public offer of bonds issued by the Leova City Municipality

Following the examination of the application of the Leova City Municipality (registered with the National Commission of the Financial Market (CNPF) under No. 6471 on July 29, 2026) regarding the approval of the prospectus for the primary public offer of bonds, as well as the related documents, presented in full volume on July 31, 2026 (registered with CNPF under No. 6561),

on the basis of Law No. 419/2006 on the public sector debt, state guarantees and state refinancing, Articles 14 and 15 of Law No. 171/2012 on the capital market, Article 8 letter k), Article 18 paragraph (3), Article 20 paragraphs (1) and (6) and Article 22 paragraph (3) of Law No. 192/1998 on the National Commission of the Financial Market, the Instruction on the procedure for registering bonds issued by local public administration authorities (CNPF Decision No. 18/1/2018) and points 16, 19 and 21 of the Regulation on the organization and functioning of the National Commission of the Financial Market (CNPF Decision No. 57/11/2022),

the National Commission of the Financial Market DECIDES:

1. The prospectus for the primary public offer of bonds, namely, dematerialized, non-convertible, guaranteed by the revenues of the administrative-territorial unit, issued by the Leova City Municipality (IDNO 1007601004135, MD-6301, Leova city, Unirii str. 22), in a total volume of 9,000,000 lei, in the number of 9,000 bonds, with a nominal value of 1,000 lei per bond, of three different classes is approved: 3,000 bonds of Class I, with a circulation term of 2 years, with a fixed annual interest rate of 9.50%, paid semi-annually, with ISIN code MD2004000134; 5,000 bonds of Class II, with a circulation term of 3 years, with a fixed annual interest rate of 10%, paid semi-annually, with ISIN code MD2004000142; 1,000 bonds of Class III, with a circulation term of 4 years, with a floating interest rate, equal to the reference rate, linked to the weighted average nominal interest rate on treasury bills with a circulation term of 182 days (or close to this maturity), established at 4 consecutive auctions for the sale of state securities, calculated for the first coupon 3 working days before the date of the offer announcement and for subsequent coupons – 3 working days before each coupon accumulation start date + a fixed margin of 0.5 p.p. (communicated publicly), paid semi-annually, and with ISIN code MD2004000159.

2. The primary public offer of bonds indicated in point 1 will run within 30 calendar days, after the expiration of at most 5 calendar days from the date of publication of the offer announcement, it will be addressed exclusively to individuals (residents and non-residents), during the first two working days from the date of opening of the offer, and subsequently, starting from the third working day – to all investors (individuals and legal entities (residents and non-residents)).

3. Allocation will take place on the principle of "First Come – First Served", with the condition of subscribing to at least 5 (five) bonds. The method of mandatory loan repayment and interest payment is as provided for in the prospectus of the primary public offer of bonds.

4. The issuer bears full responsibility for the data and information included in the prospectus of the primary public offer of bonds, and the intermediary of the public offer bears responsibility for the conduct of the offer (BC "VICTORIABANK" SA).

5. The issuer, within a period of at most 15 days from the date of closure of the primary public offer of bonds, will notify CNPF regarding the results of the public offer.

6. Control over the execution of this Decision is assigned to the Capital Market Department.

7. This Decision may be contested by submitting a preliminary request to CNPF (MD-2012, Chisinau city, Stefan cel Mare si Sfant Blvd., No. 77), within 30 days from the date of communication.

8. This Decision enters into force on the date of adoption, is communicated to the appropriate recipient in accordance with the legislation, is published in the Official Monitor of the Republic of Moldova and on the official website of CNPF (www.cnpf.md).

Dumitru BUDIANSCHI,
PRESIDENT