Bucharest to finance investments by more bond issues, possibly aimed at retail investors
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The Bucharest municipality ideas to tap the market with extra bond issues to finance the investments needed in the town, mayor Nicusor Dan defined.
“We will faucet the sector [with more bond issues] because Bucharest requirements investments,” the mayor of Romania’s capital metropolis, Nicusor Dan, mentioned on April 29, when the municipality’s RON 555 mln (EUR 111 mln) bond was introduced at Bucharest Stock Exchange (BVB).
The Bucharest municipality could also technique the retail traders, added Eliza Gereanu, the municipality’s government director, in the venture management section, European reimbursable and non-reimbursable money.
The RON 555 mln difficulty listed on April 29 was aimed at refinancing a past challenge of Bucharest municipality.
The new bonds, maturing in 2032, were being made available for membership in a personal placement held in April, with a 7.33% coupon connected.
“I want to assure you that we will keep the identical line of money security … We will target on these priorities of the metropolis, on what the transportation infrastructure suggests, irrespective of whether it implies the rehabilitation of the tram network, metropolitan coach, targeted visitors administration or intelligent traffic lights, irrespective of whether it signifies the district heating network or those people urban investments that change the facial area of the town,” Dan claimed, quoted by Ziarul Financiar.
(Picture: Bursa de Valori Bucuresti Fb Web site)
