Municipality of Iași

Iași Bond Issue I

Total Loan Amount Lei 200,000,000
Financial Advisor VMB Partners SA
Loan Characteristics Financial mechanism consisting of a “Bridge Loan” bank line of credit refinanced through the issuance of bonds issued in 2 series
Contracting Date 2007
Financial Mechanism Period 23 years
Local Loan Authorization Commission Opinion Decision No 524 bis of 14.02.2007
Bridge Loan
Value Lei 100,000,000
Term 2 years
Grace Period 2 years
Interest Rate ROBOR6M + margin per year
Financing Bank Dexia Kommunalkredit Bank AG
Bonds
Intermediary BT Securities SA
Total Bond Maturity 21 years
Interest Rate (ROBID6M+ROBOR6M)/2 + 0.65% per annum EURIBOR6M + 0.425% per year
Investments made with the funds raised by borrowing Public investments of local interest

 

Series 1:

Issue Value Lei 100,000,000
CNVM authorization of the Public Offer Prospectus Decision No 1768 of 08.09.2008
Maturity 20 years
Subscription Period from 18.09.2008 to 24.09.2008
The stock exchange symbol under which the bonds are traded IAS28
Selling Price 100 Lei / bond
Total Value Lei 100,000,000

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