Targu-Mures municipal bond issue III

Municipiul Târgu Mureș
Municipiul Târgu Mureș
Total loan value 52.000.000 RON
Financial advisor VMB Partners SA
Loan features Hybrid structure consisting of revolving “Bridge Loan” to be refinanced by bond issue proceeds in 2 series
Issuing date 2006
Maturity 23 years
Notification of Local Loans Authorization Commission Decision no. 375 / 22.06.2006
Bridge Loan
Value 20.000.000 RON
Time period 2 years
Grace period 2 years
Interest rate ROBOR6M + margin
Financing bank Dexia Kommunalkredit Bank AG
Municipal bonds
Bonds type Municipal, nominative, dematerialized
Intermediary BT Securities SA
Broker Banca Transilvania
Collateral of bond issue Own incomes
Regulated market where the bond issue is rated Bucharest Stock Exchange
Bonds total maturity 20 years
Interest rate (ROBID3M+ROBOR3M)/2+0,75 bps p.a.; EURIBOR3M+0,40 bps p.a.
Total number of bond issues 520.000
Face value 100 RON
Total value 52.000.000 RON
Capital investments Local Public Capital Program
Additional informantion on the public offer of the prospect of bond issue: Series 1 Series 2 Here you can view the official page of Timisoara. Series 1:
Value of bond issue 20.000.000 RON
CNVM authorization of public offer prospect Decision no. 1433 / 14.08.2007
Maturity 20 years
Subscription period 24.08.2007 - 30.08.2007
Stock market symbol under which the bonds are tranzactioned TGM27
Trade value 100 RON
Total value 20.000.000 RON
Seria 2:
Value of bond issue 32.000.000 RON
CNVM authorization of public offer prospect Decision no. 319 / 18.02.2008
Maturity 20 years
Subscription period 29.02.2008 - 06.03.2008
Stock market symbol under which the bonds are tranzactioned TGM27A
Trade value 100 RON
Total value 32.000.000 RON