The bond issue will be structured as three classes of bonds with maturities of 2, 3 and 4 years. Victoriabank will provide financial intermediation for the municipal bond issue.
The process is supported by a group of experts from the Independent Analytical Center “Expert Grup”, within the framework of the program of support to local governments in the launch of municipal bonds, implemented with the support of the Embassy of the Kingdom of the Netherlands in the Republic of Moldova.
Adrian Lupusor, Executive Director of the Independent Analytical Center “Expert Grup”:
“We welcome the entry of Leovo Municipality into the club of issuers of municipal bonds, an important instrument for financing local infrastructure projects, complementing grants or bank loans. We will support the mayor’s office throughout the bond issuance process and encourage other mayoralties to analyze the possibility of issuing bonds for local development, a tool that has demonstrated its feasibility and potential.”
Alexandru Bujorian, Mayor of Leovo:
“The signing of this partnership agreement represents an important step towards strengthening the capacity of Leova City Hall to implement development projects using modern and sustainable financial instruments. Through this cooperation, we are creating new opportunities to attract investment and develop local infrastructure for the benefit of the citizens. We want the city of Leova to continue to be an example of initiative and innovation at the local level, demonstrating that public authorities can make effective decisions for the development of localities”.
Vitaliy Kornichuk, Vice President for Finance at Victoriabank:
“We are pleased to contribute, using Victoriabank’s expertise, to opening access to modern financial instruments that enable the implementation of concrete projects for the benefit of people. This bond issue means investing in quality of life, in a more developed urban environment and in a sustainable future for the community. We will continue to support such initiatives that bring real benefits and strengthen long-term partnerships.”
In the period ahead, the necessary steps will be taken to prepare and effectively launch the issue in accordance with the provisions of the capital market and municipal bond legislation.
Other local governments supported by Expert Grup in the municipal bond issuance process include: Chisinau City Hall (2022), Ceadir-Lunga Municipality, ATU Gagauzia (2021 and 2024) and the municipalities of Sîngera (2021), Sireti (2025) and Costeşti (2025). In 2026, Ungheni Municipality will conduct the first issue of municipal bonds, while Ceadir-Lunga Municipality plans to launch the third issue.
