Moldtelecom and Energocom to Issue Bonds on Moldova’s BIMx Exchange

Moldtelecom JSC and Energocom JSC are the first to list on the BIMx exchange

The government has approved a pilot project under which the largest state-owned joint-stock companies — the national telecoms operator Moldtelecom JSC and the central energy supplier Energocom JSC — will, for the first time in the country’s history, list corporate bonds on the stock exchange. This move is intended to revitalise the local capital market and attract private investment into strategic sectors of the economy.

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A public event to sign the memoranda on the issue of corporate bonds will take place next week. The initial public offering (IPO) of these two giants will serve as a test bed for a new model of state asset management. The Cabinet of Ministers emphasises that the state will retain controlling stakes, but attracting private shareholders will enable several systemic challenges to be addressed simultaneously.

Funds raised from the capital market will be channelled into priority investment projects. Technical preparations for the listing and the audit of assets are expected to begin shortly. The issuance of bonds by the largest state-owned companies will stimulate the domestic stock market. According to the government’s plans, other state issuers will follow suit.

Memoranda signed by each issuer, together with the intermediary banks MAIB and Victoriabank, and with Expert-Grup acting as project manager, will set out the stages, responsibilities and indicative timetable for preparing the issues, with the aim of placing the first tranches during 2027.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.

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