bpv Grigorescu Stefanica assisted the Municipality of Bucharest in connection with the latest municipal bonds issue of RON 555 million3 May 2018
bpv Grigorescu Stefanica assisted the Municipality of Bucharest during the preparation of the Prospectus for admission to trading on the regulated spot market of the Bucharest Stock Exchange of 55,500 municipal bonds, amounting to RON 555 million, with a fixed interest rate of 5.6% (5.53% effective interest rate after premium) and a maturity of 10 years.
bpv Grigorescu Stefanica has further assisted the Municipality in connection with the preparation and issuance of the necessary approval documentation regarding the Prospectus and admission to trading of the bonds, as well as during the meetings with the Commission for Admission to Trading.
The bpv team Grigorescu Stefanica involved in this project was coordinated by Daniel Stefanica (Partner) and Cristina de Jonge (Managing Associate).
“It was an important experience for us, we are extremely honored to have been part of this complex operation and that we have had the opportunity to capitalize, for the benefit of the community, on the experience gained in this practice in the nearly 15 years that have elapsed since the first municipal bonds issue assisted by our lawyers“, said Daniel Stefanica, Partner, bpv Grigorescu Stefanica.