Bacau municipal bond issue III

Total loan value 110.000.000 RON
Financial advisor VMB Partners SA
Loan features Hybrid structure consisting of revolving “Bridge Loan” to be refinanced by bond issue proceeds in 3 series
Issuing date 2006
Maturity 20 years
Notification of Local Loans Authorization Commission Decision no. 480 / 30.10.2006
Bridge Loan
Value 35.000.000 RON
Time period 2 years
Grace period 2 years
Interest rate ROBOR6M + margin
Financing bank Raiffeisen Bank
Municipal bonds
Bonds type Municipal, nominative, dematerialized
Intermediary Raiffeisen Capital & Investment
Broker Raiffeisen Bank
Regulated market where the bond issue is rated Bucharest Stock Exchange
Bonds total maturity 19 years
Interest rate (ROBID6M+ROBOR6M)/2+0,85 bps p.a.; EURIBOR6M+0,50 bps p.a.
Total number of bond issues 1100000
Face value 100 RON
Total value 110.000.000 RON
Capital investments Local Public Capital Program
Additional information on the public offer of the prospect of bond issue: Series 1. Series 2. Series 3. Here you can view the official page of Bacau City Hall.
Series 1
Value of bond issue 35.000.000 RON
CNVM authorization of the public offer prospect Decision no. 1955 / 16.10.2007
Maturity 19 years
Subscription period 26.10.2007 - 01.11.2007
Stock market symbol under which the bonds are tranzactioned BAC26
Trade value 100 RON
Total value 35.000.000 RON
Series 2
Value of bond issue 35.000.000 RON
CNVM authorization of the public offer prospect Decision no. 1701 / 26.08.2008
Maturity 18 years
Subscription period 05.09.2008 - 11.09.2008
Stock market symbol under which the bonds are tranzactioned BAC26A
Trade value 100 RON
Total value 35.000.000 RON
Series 3
Value of bond issue 40.000.000 RON
CNVM authorization of the public offer prospect Decision no. 1236 / 12.08.2009
Maturity 17 years
Subscription period 21.08.2009 - 27.08.2009
Stock market symbol under which the bonds are tranzactioned BAC26B
Trade value 100 RON
Total value 40.000.000 RON