Regulatory Alerts2025-10-20 | 50/4Added · Updated
On the Registration in the Securities Issuers Register of Bonds Issued by the Costești Village Municipality
The National Financial Market Commission of Moldova issued Decision No. 50/4 on October 20, 2025, to register securities issued by the Costești Village Municipality in the Securities Issuers Register. The decision approves the registration of three classes of bonds totaling 4,500,000 MDL, featuring fixed or floating interest rates ranging from 7.50% to a benchmark-linked rate plus a margin, with maturities of two, three, and four years. The decision entered into force upon adoption and mandates publication in the Official Monitor and on the Commission's website.
REPUBLIC OF MOLDOVA NATIONAL FINANCIAL MARKET COMMISSION
DECISION
October 20, 2025 No. 50/4
On the registration in the Securities Issuers Register of bonds issued by the Costești Village Municipality
Following the examination of the application submitted by the Costești Village Municipality (registered with the National Financial Market Commission (CNFMC) on October 9, 2025) regarding the registration in the Securities Issuers Register of securities in accordance with the report on the results of the bond issuance, as well as the accompanying documents,
pursuant to Law No. 419/2006 on the public sector debt, state guarantees, and state refinancing, Law No. 171/2012 on the capital market, Articles 8 letters m) and o), Article 20 paragraph (1), and Article 22 paragraph (3) of Law No. 192/1998 on the National Financial Market Commission, the Instruction on the procedure for registering bonds issued by local public administration authorities (CNFMC Decision No. 18/1/2018), and points 16, 19, and 21 of the Regulation on the organization and functioning of the CNFMC (CNFMC Decision No. 57/11/2022),
The National Financial Market Commission DECIDES:
- The securities are registered in the Securities Issuers Register in accordance with the report on the results of the bond issuance of the Costești Village Municipality (IDNO 1009601000108, MD-6813, Ialoveni district, Costești village, Ștefan cel Mare Street 115), with the following characteristics: 1.1. bearerless, dematerialized, non-convertible bonds, guaranteed by the revenues of the administrative-territorial unit, Class I, with a circulation term of 2 years, with an issuance volume of 1,500,000 lei, in the amount of 15,000 units, with a nominal value of 100 lei per bond, with a fixed annual interest rate of 7.50%, paid semi-annually, with ISIN code MD2004000084; 1.2. bearerless, dematerialized, non-convertible bonds, guaranteed by the revenues of the administrative-territorial unit, Class II, with a circulation term of 3 years, with an issuance volume of 1,500,000 lei, in the amount of 15,000 units, with a nominal value of 100 lei per bond, with a fixed annual interest rate of 7.70%, paid semi-annually, with ISIN code MD2004000092; 1.3. bearerless, dematerialized, non-convertible bonds, guaranteed by the revenues of the administrative-territorial unit, Class III, with a circulation term of 4 years, with an issuance volume of 1,500,000 lei, in the amount of 15,000 units, with a nominal value of 100 lei per bond, with a floating interest rate, connected
Ștefan cel Mare și Sfânt Blvd., No. 77, Chișinău, MD 2012, tel: (373 22) 859 401, www.cnpf.md, e-mail: office@cnpf.md to the weighted average effective interest rate for state securities – treasury bills, with a maturity of 182 days over a period of 6 months preceding the coupon payment + a fixed margin of 0.5%, paid semi-annually, with ISIN code MD2004000100. 2. This Decision may be contested by submitting a preliminary application to the CNFMC (MD-2012, Chișinău, Ștefan cel Mare și Sfânt Blvd., No. 77), within 30 days from the date of notification. 3. This Decision enters into force on the date of adoption, is communicated to the recipient in accordance with the legislation, is published in the Official Monitor of the Republic of Moldova, and on the official website of the CNFMC (www.cnpf.md).
(signature) Dumitru BUDIANSCHI, PRESIDENT