www.economica.net/municipiul-constanta-incheie-cu-

Constanța successfully completed its first municipal bond issuance, totaling 110 million euros, marking the largest such issuance in Romania since 2001. The demand reached 310 million euros, indicating strong investor interest. The bonds, intermediated by BT Capital Partners, will refinance existing loans and fund various local projects. Mayor Vergil Chițac emphasized the importance of this operation for financial flexibility and long-term investment planning. The issuance includes 1.1 million bonds with a 10-year maturity and a coupon rate of 2.5% above EURIBOR. The bonds are set for trading on the Bucharest Stock Exchange by December 15, 2026.