Bucharest to finance investments by more bond issues, possibly aimed at retail investors

The Bucharest municipality options to tap the current market with a lot more bond concerns to finance the investments required in the city, mayor Nicusor Dan discussed.

“We will faucet the marketplace [with more bond issues] simply because Bucharest requirements investments,” the mayor of Romania’s capital town, Nicusor Dan, reported on April 29, when the municipality’s RON 555 mln (EUR 111 mln) bond was released at Bucharest Inventory Trade (BVB).

The Bucharest municipality may perhaps also tactic the retail buyers, additional Eliza Gereanu, the municipality’s govt director, in the project management division, European reimbursable and non-reimbursable funds.

The RON 555 mln problem stated on April 29 was aimed at refinancing a previous concern of Bucharest municipality.

The new bonds, maturing in 2032, had been available for subscription in a private placement held in April, with a 7.33% coupon connected.

“I want to guarantee you that we will hold the identical line of economical stability … We will emphasis on those priorities of the city, on what the transport infrastructure implies, regardless of whether it indicates the rehabilitation of the tram network, metropolitan coach, visitors administration or intelligent targeted traffic lights, no matter whether it suggests the district heating network or individuals city investments that improve the experience of the city,” Dan reported, quoted by Ziarul Financiar. 

(Photo: Bursa de Valori Bucuresti Fb Webpage)

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