Timisoara Municipal Bond Issue III

Municipiul Timișoara
Municipiul Timișoara
Total loan value 150.000.000 RON
Financial advisor VMB Partners SA
Loan features Hybrid structure consisting of „Bridge Loan” prefinanced bond issue proceeds in 5 series
Issuing date 2006
Maturity 20 years
Notification of Local Loans Authorization Commission Decision no. 374 / 22.06.2006
Bridge Loan
Value 30.000.000 RON
Time period 3 years
Grace period 3 years
Interest rate ROBOR3M + margin
Financing bank Banca Comerciala Romana
Municipal bonds
Bonds type Municipal, nominative, dematerialized
Intermediary BCR Securities SA
Broker Banca Comerciala Romana
Collateral of bond issue Own revenues
Regulated market where the bond issue is rated Bucharest Stock Exchange
Bonds total maturity 20 years
Interest rate (ROBID3M+ROBOR3M)/2 + 0,1 bps p.a.; EURIBOR3M + 0,15 bps p.a.
Total number of bond issues 1.500.000
Face value 100 RON
Trade value 100 RON
Total value 150.000.000 RON
Capital investments Expanding gas, water, sewer, lighting networks in Timisoara. Improving, modernizing and capital repairs of the streets. Improving and expanding public interest buildings. Improving and repairing cultural and tourist spots in Timisoara.
Additional information on the public offer of the prospect of bond issue: Series 1 Series 2 Series 3 Series 4 Series 5 Here you can view the official page of city of Timisoara. Series 1:
Value of bond issue 30.000.000 RON
CNVM authorization of the public offer prospect Decision no. 3537 / 12.12.2006
Maturity 20 years
Subscription period 21.12.2006 - 29.12.2006
Stock market symbol under which the bonds are tranzactioned TIM26
Trade value 100 RON
Total value 30.000.000 RON
Series 2:
Value of bond issue 30.000.000 RON
CNVM authorization of the public offer prospect Decision no. 887 / 07.06.2007
Maturity 19 years
Subscription period 20.06.2007 - 26.06.2007
Stock market symbol under which the bonds are tranzactioned TIM26A
Trade value 100 RON
Total value 30.000.000 RON
Series 3:
Value of bond issue 30.000.000 RON
CNVM authorization of the public offer prospect Decision no. 1551 / 10.12.2007
Maturity 19 years
Subscription period 20.12.2007 - 28.12.2007
Stock market symbol under which the bonds are tranzactioned TIM26B
Trade value 100 RON
Total value 30.000.000 RON
Series 4:
Value of bond issue 30.000.000 RON
CNVM authorization of the public offer prospect Decision no. 1245 / 10.06.2008
Maturity 18 years
Subscription period 23.06.2008 - 27.06.2008
Stock market symbol under which the bonds are tranzactioned TIM26C
Trade value 100 RON
Total value 30.000.000 RON
Series 5:
Value of bond issue 30.000.000 RON
CNVM authorization of the public offer prospect Decision no. 1841 - 15.09.2008
Maturity 17 years
Subscription period 25.09.2008 - 01.10.2008
Stock market symbol under which the bonds are tranzactioned TIM26D
Trade value 100 RON
Total value 30.000.000 RON