Founded in 1999 by a group of finance, local authorities’ activities and law experts, VMB Partners has as its main objective the initiation of bond issuing in Romania.
The partners have experience in various areas, from local authorities and direct investments in Romania and capital market in Ireland to municipal bonds and public finances in the United States.
In 2001, VMB Partners initiated and coordinated the issuing of the first two municipal bonds: Predeal and Mangalia. To this moment, VMB Partners assisted over 47 financings through the issuing of municipal bonds and loans with maturities up to 23 years, such as: Suceava, Timis County Council, Zalau, Orastie, Slobozia, Iasi, Aninoasa, Focsani, Bacau, Teius, Timisoara, Alba Iulia, Bistrita, Tirgu Mures, Alba County Council, Hunedoara County Council, Lugoj, Sebes, Targu Ocna, Aiud, Deva.
The company created one event after another: first municipal bond emissions (Mangalia and Predeal in March - October 2001), first emission of bonds listed in the Bucharest Stock Exchange, first emission of bonds over $1 million worth (Bacau, October 2002), first emission of bonds with fixed rate smaller than 10% (Timisoara, 8.25 %, 2005), highest maturity (23 years, Bistrita, 2006).
Over 80% of the bond emissions in Romania were realized with the help of VMB Partners. To this moment, the total value of obtained finances with the help of VMB Partners exceeds $1,2 billion (over 330 million euros).
Throughout its different projects, the company collaborated with leading institutions, such as: BRD – Grouppe Societe Generale, BRD Securities, Banca Comerciala Romana, BCR Securities, Raiffeisen Bank, Raiffeisen Capital & Investment, Dexia Kommunalkredit Bank AG, BT Securities, Alpha Bank Romania, Research Triangle Institute (the manager of the USAID Local Government Assistance program) and the Romanian-American Enterprise Fund.
The current strategy of the company is based on high quality financial services.
VMB Partners will continue to expand on the municipal bonds market through substantial emissions with high maturities. The proposed objective for the immediate period of time is to launch bond emissions with maturities over 25 years.
Another important objective of the company is the counseling of corporate bonds emissions and placing them on the international market.
Short-term projects include advisory services for investment funds, private investments and foreign direct investments.
VMB Partners services:
- Advisory services for the issuers of real estate with fixed income (corporate and municipal bonds);
- Project financings for commercial institutions and municipalities;
- Structuring of complex financial products: real estate, investment funds, special structures (special purpose financial vehicles);
- Management consultancy;
- Online software application for budget management and multiannual planning.