The Bucharest municipality ideas to tap the market with much more bond problems to finance the investments wanted in the city, mayor Nicusor Dan discussed.
“We will faucet the market [with more bond issues] because Bucharest wants investments,” the mayor of Romania’s money city, Nicusor Dan, claimed on April 29, when the municipality’s RON 555 mln (EUR 111 mln) bond was introduced at Bucharest Inventory Trade (BVB).
The Bucharest municipality may possibly also technique the retail investors, included Eliza Gereanu, the municipality’s govt director, in the venture administration division, European reimbursable and non-reimbursable resources.
The RON 555 mln challenge stated on April 29 was aimed at refinancing a previous issue of Bucharest municipality.
The new bonds, maturing in 2032, had been presented for subscription in a private placement held in April, with a 7.33% coupon connected.
“I want to guarantee you that we will retain the very same line of economical security … We will target on people priorities of the metropolis, on what the transport infrastructure means, no matter whether it suggests the rehabilitation of the tram community, metropolitan prepare, site visitors administration or intelligent traffic lights, whether or not it suggests the district heating network or these city investments that adjust the confront of the town,” Dan stated, quoted by Ziarul Financiar.
(Photo: Bursa de Valori Bucuresti Fb Website page)