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:
- 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:
- 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.
- 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.
- 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.
- 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").
- 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.
- Control over the execution of this Decision is assigned to the Capital Market Department.
- 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.
- 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