The bank also reserves the right to close the offer early, in case of exhaustion of the entire volume.
Bonds circulation term is 3 years, coupon interest rate is floating, tied to weighted average interest rate on new deposits attracted in national currency in the banking sector as a whole for 6 to 12 months.
Interest payment periodicity – 12 times a year (monthly).
Earlier, the National Commission for Financial Market approved the prospectus for the initial public offering of Moldova-Agroindbank’s bonds for 1.5 billion lei.
The third program of the bank’s public offer was launched in March. Within this program, the issuer will carry out a cyclical placement of corporate bonds of 9 different classes during 12 months, in 10 consecutive issues of 7500 bonds each for a total amount of 1.5 billion lei with a subscription level of at least 1% for each issue.
According to maib, investments in corporate bonds offer good opportunities for savings management and significant medium- and long-term benefits: investments represent an additional source of income. The interest rate accrues monthly for 3 years and is more attractive than other savings instruments due to competitive margins.
Corporate bonds can be traded on the Moldovan Stock Exchange and in certain situations they can be used as collateral. In addition, investors can withdraw the invested amount by applying to any maib branch.
