Municipality of Zalău

Zalău Bond Issue II

Total Loan amount Lei 64,300,000
Financial Advisor VMB Partners SA
Loan Characteristics Financial mechanism consisting in the issuance of bonds prefinanced by a “Bridge Loan” bank line of credit
Contracting Date 2007
Financial Mechanism Period 22 years
Local Loan Authorization Commission Opinion Decision No 777 of 11.10.2007
Bridge Loan
Value Lei 64,300,000
Term 2 years
Grace Period 2 years
Interest Rate ROBOR6M + margin per year
Financing Bank Raiffeisen Bank
Bonds
Type of Bonds Nominative, dematerialized
Intermediary Raiffeisen Capital & Investment
Selling Group Raiffeisen Bank
Issue Guarantee Own revenue
Total Bond Maturity 20 years
Interest Rate ROBOR6M + 0.45% ; EURIBOR6M + 0.5%
Total number of bonds issued 643,000
Nominal value at issue 100 Lei / bond
Selling Price 100 Lei / bond
Total Value Lei 64,300,000
Subscription Period 19.08.2010 – 25.08.2010
CNVM authorization of the Public Offer Prospectus Decision No 1017 of 10.08.2010
Investments made with the funds obtained from the loan Investment objectives of local interest

 

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