2024-10-01 | 44/7

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Approval of the Prospectus for the Public Offer of Bonds Issued by the Municipality of Ceadîr-Lunga

The National Financial Commission of Moldova approved the public offering prospectus for bonds issued by the Municipality of Ceadîr-Lunga, authorizing the issuance of 5,000 bonds with a total volume of 5,000,000 MDL. The bonds carry a floating interest rate linked to the weighted average rate of 364-day state securities plus a fixed margin of 1.5%, with a three-year maturity and semi-annual interest payments. The offer is managed by Victoriabank, runs for up to 30 days, and places full responsibility for the prospectus data on the issuer while requiring notification of results to the Commission within five days of closure.

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REPUBLIC OF MOLDOVA

NATIONAL COMMISSION OF THE FINANCIAL MARKET

DECISION

October 1, 2024 No. 44/7

On the approval of the prospectus for the public offer of bonds issued by the Municipality of Ceadîr – Lunga

Following the examination of the application from the Municipality of Ceadîr – Lunga dated September 23, 2024 (registered with the National Financial Commission under No. 6989), as well as the accompanying documents, presented in full volume on September 27, 2024,

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

The National Commission of the Financial Market DECIDES:

  1. The Prospectus for the public offer of bonds issued by the Municipality of Ceadîr – Lunga (IDNO 1007601004434, MD-6101, UTA Gagauzia, Ceadîr – Lunga city, Lenin str. 91) is approved with the following characteristics:
    1. Nominal, dematerialized, non-convertible bonds, guaranteed by the revenues of the administrative-territorial unit, Class II, with a circulation term of 3 years, an issue volume of 5,000,000 MDL, in the amount of 5,000 units, with a nominal value of 1,000 MDL per bond, with a floating interest rate, connected to the weighted average interest rate on state securities (treasury bills with a circulation term of 364 days), calculated in accordance with the provisions of the prospectus, plus a fixed margin of 1.5% (constant throughout the circulation term of the bonds), paid semi-annually, with the ISIN code MD2004000050.
    1. The public offer of bonds indicated in point 1 will run for a period of 30 days from the launch of the offer, with the possibility of early closure at the decision of the Municipality of Ceadîr – Lunga (the Issuer), in the event that all offered bonds are fully subscribed.
    2. Allocation will take place in accordance with the provisions of the public offer prospectus for bonds, on a "first come, first served" basis. The method of mandatory loan repayment and interest payment is as provided for in the offer prospectus.
    3. Responsibility for the data and information included in the Prospectus for the public offer of bonds lies entirely with the issuer of securities, and for the conduct of the offer – with the Intermediary of the public offer (BC "Victoriabank").
    4. The Issuer, within a period of no more than 5 days from the date of closure of the public offer, will notify the National Financial Commission regarding the results of the public offer.
    5. Control over the execution of this Decision is assigned to the Capital Market Department.
    6. This Decision may be contested by filing a preliminary request to the National Financial Commission (MD-2012, Chișinău city, Ștefan cel Mare și Sfânt blvd., No. 77) within 30 days from the date of communication.
    7. This Decision enters into force on the date of adoption, is communicated to the addressee in accordance with the legislation, is published in the Official Monitor of the Republic of Moldova, and on the official website of the National Financial Commission (www.cnpp.md).

Dumitru BUDIANSCHI, PRESIDENT


Ștefan cel Mare și Sfânt blvd., No. 77, Chișinău city, MD 2012, tel: (373 22) 859 401, www.cnpp.md, e-mail: office@cnpp.md