Municipality of Târgu Mureș

Bond Issue III Târgu-Mureș

Total Loan Amount Lei 52,000,000
Financial Advisor VMB Partners SA
Loan Characteristics Financial mechanism consisting of a revolving “Bridge Loan” line of credit refinanced by the bond issue in 2 series
Contracting Date 2006
Financial Mechanism Period 23 years
Local Loan Authorization Commission Opinion Decision No 375 of 22.06.2006
Bridge Loan
Value Lei 20,000,000
Term 2 years
Grace Period 2 years
Interest Rate ROBOR6M + margin
Financing Bank Dexia Kommunalkredit Bank AG
Bonds
Type of bonds Municipal, registered, dematerialized
Intermediary BT Securities SA
Selling Group Banca Transilvania
Issue Guarantee Equity income
Regulated exchange where the issue is listed Bucharest Stock Exchange
Total Bond Maturity 20 years
Interest Rate (ROBID3M+ROBOR3M)/2+0.75% per annum; EURIBOR3M+0.40% per year
Total number of bonds issued 520,000
Nominal value at issuance 100 Lei / bond
Total amount Lei 52,000,000
Investments made with the funds obtained from the loan Investment objectives of local interest

Further information on the public offer can be found in the prospectuses:

Seria 1

Seria 2

Series 1:

Issue Value Lei 20,000,000
CNVM authorization of the Public Offer Prospectus Decision No 1433 of 14.08.2007
Maturity 20 years
Subscription Period from 24.08.2007 to 30.08.2007
The stock exchange symbol under which the bonds are traded TGM27
Selling Price 100 Lei/bond
Total Value Lei 20,000,000

 

Series 2:

Issue Value Lei 32,000,000
CNVM authorization of the Public Offer Prospectus Decision No 319 of 18.02.2008
Maturity 20 years
Subscription Period from 29.02.2008 to 06.03.2008
The stock exchange symbol under which the bonds are traded TGM27A
Selling Price 100 Lei/bond
Total Value Lei 32,000,000

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