BT Capital Partners was the consultant of Victoriabank, the financial intermediary of the first municipal bonds issued in the Republic of Moldova
Comunicat de presa 2021-08-17
- The issuance of municipal bonds was launched by the administrations of two cities from the Republic of Moldova, Singera and Ceadir-Lunga.
- Their debut on the capital market is a success, being subscribed in less than a week.
- The money raised will be used to develop the infrastructure of the two cities.
- BT Capital Partners and Victoriabank are part of Banca Transilvania Financial Group.
BT Capital Partners (BTCP), the investment banking and capital markets division of Banca Transilvania Financial Group, advised Victoriabank, the financial intermediary of the first municipal bond issues in the Republic of Moldova. BTCP thus successfully ensured the transfer of know-how to Victoriabank, being a first step for the contribution of the capital market development in the neighboring country, but also for the two cities in Moldova, Singera and Ceadir-Lunga.
The launch of the municipal bonds on the Moldovan capital market is a success, being fully subscribed in less than a week from the launch of the Public Offer. They were launched on August 5, 2021 by the administration of the two cities from the Republic of Moldova, Singera and Ceadir-Lunga. A total of 37 subscription requests were received, and the amounts attracted, 7.5 million Moldovan lei, cover the amount provided in the issuance prospectuses. The money raised will be used to develop the infrastructure of the two cities, with a direct positive impact for almost 30,000 inhabitants.
Statement BT Capital Partners:
"We are glad to be next to our colleagues from Victoriabank in this premiere on the Republic of Moldova capital market, the successful closure of the first two municipal bonds issuance. We are confident that other companies and institutions will consider alternative financing through the capital market in the Republic of Moldova and thus contribute together to the development of this market, replicating at Victoriabank the success that BT Capital Partners has in Romania", Daniela Secara, Chief Executive Officer, BT Capital Partners.
BT Capital Partners is one of the most active brokers on the Bucharest Stock Exchange. For BTCP, 2021 has been a very successful year so far, supporting 5 companies on their journey to the capital market: listing, intermediation of private placements of shares and bonds or capital increase, respectively advisory in the shares sales.
BTCP is an exclusive member in Romania of Oaklins, the most important international alliance of mergers and acquisitions specialists and the largest retail broker in the Romanian capital market. BT Capital Partners offers support services for attracting investors through the capital market, brokerage services, mergers and acquisitions consulting, structuring complex financing schemes, market research and strategic management consulting.