Victoriabank – one of the largest banks in the Republic of Moldova, part of the Banca Transilvania Group – intermediates a new municipal bond issue, this time for the city of Leova. This is the sixth issue of local securities intermediated by Victoriabank, the previous ones enjoying high interest from investors and their confidence in the ability of local authorities to implement development projects.

Through the issuance launched today, Leova City Hall will attract 9 million lei (Moldovan) – approximately 450,000 euros –, capital destined for the project "Urban rehabilitation and development of public space infrastructure in the central neighborhood of the city".

What does the initiative for the community mean

1. Diversification of local financing: municipal bonds allow access to resources for investments without pressure on the local budget.

2. Efficient implementation of urban projects: the attracted funds will facilitate the realization of development projects.

3. Strategic partnership with Victoriabank, which supports local authorities in identifying modern financing solutions and having the necessary capital for projects that contribute to local development.

Why is it relevant for investors

1. Diversification – municipal bonds offer exposure to a public issuer, with predictable cash flows and clear use of funds.

2. Projects with local economic impact – investments in urban infrastructure increase the attractiveness of the area and can support economic development.  

3. Solid track-record of Victoriabank – all previous issuances were subscribed quickly, confirming the investors' confidence in the structures proposed by the bank and in the capacity of local authorities to deliver projects.  

The Role of Victoriabank

As a financial intermediary, Victoriabank will ensure the structuring of the issuance to meet investors' requirements and market regulations, promote the offer to institutional and individual investors, and mediate subscriptions. Through this role, Victoriabank contributes to the development of the local capital market in the Republic of Moldova and to the creation of financing mechanisms for public administrations.