Municipality of Orăștie

Orăștie Bond Issue I

Total Loan Amount Lei 12,500,000
Financial Advisor VMB Partners SA
Loan Characteristics Financial mechanism consisting of a “Bridge Loan” bank line of credit refinanced by a bond issue
Contracting Date 2007
Financial Mechanism Period 22 years
Local Loan Authorization Commission Opinion Decision No 604 of 08.06.2007 supplemented by Decision No 633 of 25.06.2007
Bridge Loan
Value Lei 12,500,000
Term 2 years
Grace Period 2 years
Interest Rate ROBOR6M + margin per year
Financing Bank Dexia Kommunalkredit Bank AG
Bonds
Type of Bonds Nominative, dematerialized
Intermediary BT Securities SA
Selling Group BT Securities SA
Issue Guarantee Own revenue
Regulated exchange where the issue is listed< Bucharest Stock Exchange
Stock exchange symbol under which the bonds are traded ORS29
Total Bond Maturity 20 years
Interest Rate ROBOR6M + 0.7% per annum; EURIBOR6M + 0.9% per year
Total number of bonds issued 125.000
Nominal value at issue 100 Lei / bond
Selling Price 100 Lei / bond
Total Value Lei 12,500,000
Subscription Period 15.06.2009 – 19.06.2009
CNVM authorization of the Public Offer Prospectus Decision No 896/02.06.2009
Investments made with the funds obtained from the loan Investment objectives of local interest

 

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