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Bucharest municipality issues RON 555 mln bonds to refinance its debt
The Municipality of Bucharest (PMB) completed the issuance and placement of bonds with a total nominal value of RON 555.1 million (EUR 111 million), PMB announced in a note to investors at the Bucharest Stock Exchange, where the bonds will…
iulian ernst · Journalist
· Updated · 2 min read
The Municipality of Bucharest (PMB) completed the issuance and placement of bonds with a total nominal value of RON 555.1 million (EUR 111 million), PMB announced in a note to investors at the Bucharest Stock Exchange, where the bonds will be listed.
The issue was heavily oversubscribed, with banks placing orders for 190% of the target volume, mayor Nicuşor Dan announced in a press conference, according to Economica.net.
