Orastie municipal bond issue I

Municipiul Orăștie
Municipiul Orăștie
Total loan value 12.500.000 RON
Financial advisor VMB Partners SA
Loan features Hybrid structure consisting of "Bridge Loan" to be refinanced by bond issue proceeds
Issuing date 2007
Maturity 22 year
Notification of Local Loans Authorization Commission Decision no. 604 / 08.06.2007 supplemented by Decision no. 633 / 25.06.2007
Bridge Loan
Value 12.500.000 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 ORS29
Bonds total maturity 20 years
Interest rate ROBOR6M + 0,7 bps p.a.; EURIBOR6M + 0,9 bps p.a.
Total number of issued bonds 125.000
Face value 100 RON
Trade value 100 RON
Total value 12.500.000 RON
Subscription period 15.06.2009 - 19.06.2009
CNVM authorization of the public offer prospect Decision no. 896/02.06.2009
Capital investments Local Public Capital Program
Further information on the public offer of on the prospect of bond issue here. Here you can view the official page of Orastie Town Hall.