Focsani Municipal Bond Issue I

Municipiul Focșani
Municipiul Focșani
Total loan value 28.000.000 RON
Financial advisor VMB Partners SA
Loan features Hybrid structure consisting of "Bridge Loan" to be refinanced by bond issue proceeds
Issuing date 2006
Maturity 20 years
Notification of Local Loans Authorization Commission Decision no. 494 / 10.11.2006
Bridge Loan
Value 28.000.000 RON
Time period 2 years
Grace period 2 years
Interest rate ROBOR6M + margin p.a.
Financing bank Dexia Kommunalkredit Bank AG
Municipal bonds
Bonds type Nominative, dematerialized
Intermediary BT Securities SA
Broker BT Securities SA
Collateral of bond issue Own revenues
Regulated market where the bond issue is rated Bucharest Stock Exchange
Stock market symbol under which the bonds are tranzactioned FOC26
Bonds total maturity 18 years
Interest rate (ROBID3M+ROBOR3M)/2 + margin p.a.; EURIBOR3M + margin p.a.
Total number of bond issues 280.000
Face value 100 RON
Trade value 100 RON
Total value 28.000.000 RON
Subscription period 20.05.2009 - 10.06.2009
CNVM authorization of the public offer prospect Decision no. 713 / 05.05.2009
Capital investments Local Public Capital Program
Further information on the public offer of the prospect of bond issue here. Here you can view the official page of Alba County Council.