From the end of March 2026, commercial bank maib launched the second corporate bond issue of the year under the IV public offering program. The subscription period lasted up to and including April 21.
A package of 10,000 bonds totaling MDL 200 million, with a par value of MDL 20,000 each was not fully placed. 6,242 registered bonds of class VI were placed. The total amount of funds raised amounted to MDL 124,840,000. Monthly payments are planned for the bonds with a maturity of 3 years, with a floating interest rate (6.79% in the first year) linked to the weighted average interest rate on new deposits.
The Bank plans 10 consecutive issues (tranches) during the year. The overall goal of the program is to raise up to MDL 2 billion. The 1% fixed margin bonds are admitted to trading on the Moldovan Stock Exchange.
Significance for the capital market
For the development of the Moldovan capital market, especially the secondary market, the issue of corporate securities admitted to trading on the stock exchange is of critical importance, as it creates the necessary liquidity, according to stock market experts.
In 2025, maib accounted for 77% of the total volume of Moldova’s corporate bond market, through all eight registered issues worth more than 1.1 billion lei. In addition, the securities create an alternative to deposits. The program offers private investors a new instrument with yields higher than the average rates on bank deposits (thanks to a fixed margin), which stimulates financial literacy and investment opportunities of the population.
The development of the secondary market in anticipation of the launch of the BIM in the summer will be the key to its successful launch. Already now, in spring 2026, there is an active admission of government bonds (GS) to the regulated market.
For example, on April 15, new issues of government bonds totaling 31.15 million lei were admitted. The new exchange (with a 3 million euro authorized capital and 20% state participation) is meant to strengthen investor confidence and improve the level of corporate governance of companies. BIM will provide companies with opportunities to issue shares and bonds, reducing dependence on bank loans and offering alternative sources of financing.
