Bucharest City Hall wants to attract up to RON 2.2 billion by issuing bonds in national currency with maturities of 3, 5, 7 and 10 years, according to market sources, Mediafax informs.
The bond issue of RON 550 million for each maturity, will have the term on May 4, 2018, on May 4, 2020, on May 4, 2022 and on May 4, 2025.
The municipality announced in November last year that plans to issue bonds denominated in lei, which will be listed on the Bucharest Stock Exchange (BVB), to repay bonds maturities on June 22, 2015.
In 2005, Bucharest City Hall has borrowed EUR 500 million from the foreign markets to build the Basarab overpass, for the acquisition of new trams and for urban infrastructure rehabilitation.