Romania's Bistrita To Issue 35 Mln Lei (8.2 Mln Euro) in 20-Yr Municipal Bonds

The city will issue 350,000 bonds with a par value equal to their issue price of 100 lei each. The public offer will be valid between October 13 and October 19 and may be prolonged, CNVM said in a statement.

The bonds, to be listed on the Bucharest Stock Exchange, will bear an interest rate equal to the arithmetic average of the quarterly Romanian interbank rates ROBOR and ROBID plus a spread of 0.8%.

The intermediary is Romanian brokerage house Raiffeisen Capital&Investment. 

(1 euro = 4.2777 Romanian lei)