Partners to Your Financial Success
The place where communities and organizations find solutions for funding development opportunities.
VMB Partners Team
Oana Păun
Financial and Administrative Department Coordinator
Founded in 1999 by a group of professionals with experience in finance, administrative law and local government activities, VMB Partners' main objective was to revive municipal bond issuance in Romania, a forgotten financial instrument during the country's socialist period.
In 2001, VMB Partners initiated and coordinated the issuance of the first municipal bonds after the 1989 Revolution, for the cities of Predeal and Mangalia. To date, VMB Partners has assisted more than 50 financings through municipal bond issues and loans with maturities of up to 23 years for municipalities and county councils.
Since its founding, the company has scored a number of firsts in terms of repayable, bank or bond financing:
- The first bond issues for public investment (Predeal, Mangalia, Deva, Alba Iulia, Teiuș, Târgu Mureș or Lugoj);
- The loan with the longest maturity at the time of origination (credit-point/bond facility, 23 years, Bistrița 2006);
- First fixed-interest bond issue (Timisoara, 2005);
- Largest bond issue by a local public authority (Iași, 2007-2010, Lei 200 million);
- Assistance in contracting and management of contracts concluded with IFIs (international financial institutions) - EBRD and KfW (Timisoara);
- The first financing granted to Romanian municipalities by the International Finance Corporation - member of the World Bank Group (Botoșani, 2013, and Timisoara, 2014), with fixed interest in Lei, revisable after a period of 5 years.
During its various projects, VMB Partners has collaborated with leading institutions such as BRD – Groupe Societe Generale, BRD Securities, Banca Comercială Română, BCR Securities, Raiffeisen Bank, Raiffeisen Capital & Investment, Dexia Kommunalkredit Bank AG, BT Securities, Alpha Bank Romania, Research Triangle Institute (administrator of the USAID Local Government Assistance program) and Romanian-American Enterprise Fund.
27
years of experience
1.4
billions dollars of repayable financing
50+
local public authorities served
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Mircea Tulea
Public Administration and Local Public Finance Senior Expert
Others about us
Nicolaie Moldovan
City Manager
Municipality of Alba iulia
A local public authority often struggles to possess all the necessary information to make the best decision when it comes to securing the necessary funding and borrowing. That is why the municipality of Zalău turned to VMB Partners SA which assisted us throughout the entire financing procedure, from loan approval to conducting repeated negotiations with the lenders, in order to secure the lowest interest rates on the contracted loans. The VMB Partners SA team has dealt with the requests of the local authority with responsibility, professionalism and objectivity, demonstrating each time that it is a true “PARTNER”.
Mariana Cuibuș
Executive Manager of the Economic Department
Municipality of Zalău
Our collaboration with VMB Partners was focused on providing consultancy services for securing financing to achieve the municipality’s investment objectives. Throughout this collaboration, VMB Partners’ staff has been involved in all stages of the funding process, thus ensuring the conditions necessary for Suceava to secure funding at the lowest possible cost.
Elisabeta Văideanu
Executive Manager, Municipality of Suceava
Executive Manager
Municipality of Suceava
VMB Partners’ consultants are knowledgeable and always keep us up to date with new information they have access to. In every instance, they proved to be open, professional, and highly engaged in addressing issues encountered in the funding process where we sought their assistance.
Gheorghina Ribovici
Executive Manager
Arad County Council
VMB Partners always defends the interests of its clients throughout the entire process of securing loans. Thus, the interest rates they end up paying are at very attractive levels. Updating the interest rates obtained for our clients, according to the negotiated calculation formulas, results in interest rates below 4%, sometimes even below 2%.
| Local Public Authority | Credit / Municipal Bonds | Interest Rate* |
|---|---|---|
| Arad County | Credit | 2.34% |
| Municipality of Petroșani | Credit | 3.54% |
| Municipality of Suceava | Credit | 2.54% |
| Municipality of Târgu Mureș | Credit | 4.24% |
| Alba County> | Credit< /td> | 2.39% |
| Municipality of Bistrița | Credit | 3.04% |
| Municipality of Timișoara | Bond issue | 1.03% | Hunedoara County | Bond issue | 1.43% |
| Municipality of Alba Iulia | Bond issue | 2.50% |
| Municipality of Alba Iulia | Bond issue | 1,966% |
| Municipality of Iași | Bond issue | 1.875% |
| Predeal City | Bond issue | 2.50% |
| Municipality of Bacău | Bond issue | 2.103% |
| Municipality of Târgu Mureș | Bond issue | 1.678% |
| Municipality of Zalău | Bond issue | 2.54% |
| Timiș County | Bond issue | 2.04% |
| Municipality of Bistrița | Bond issue | 1.645% |
| Municipality of Focșani | Bond issue | 1.79% |
| Municipality of Orăștie | Bond issue | 2.09% |
| Municipality of Slobozia | Bond issue | 2.02% |
