Iasi municipal bond issue I

Municipiul Iași
Municipiul Iași
Total loan value 200.000.000 RON
Financial advisor VMB Partners SA
Loan features Hybrid structure consisting of revolving “Bridge Loan” to be refinanced by 2 series of bond issue proceeds
Issuing date 2007
Financial mechanism time period 23 year
Notification of Local Loans Authorization Commission Decison no. 524 bis / 14.02.2007
Bridge Loan
Value 100.000.000 RON
Time period 2 years
Grace period 2 years
Interest rate ROBOR6M + margin p.a.
Financing bank Dexia Kommunalkredit Bank AG
Municipal bonds
Intermediary BT Securities SA
Bonds total maturity 21 years
Interest rate (ROBID6M+ROBOR6M)/2 + 0,65 bps p.a.; EURIBOR6M + 0,425 bps p.a.
Capital investments Local Public Capital Program
Further information on prospect of emission. Here you can view the official page of Iasi City Hall. Series 1:
Value of bond issue 100.000.000 RON
CNVM authorization of public offer prospect Decision no. 1768 / 08.09.2008
Maturity 20 years
Subscription period 18.09.2008 - 24.09.2008
Stock market symbol under which the bonds are tranzactioned IAS28
Trade value 100 RON/ bond
Total value 100.000.000 RON