economedia.ro/municipiul-constanta-atrage-110-mili

Constanța has successfully issued 110 million euros in municipal bonds, marking Romania's largest municipal bond issuance to date. The demand from investors reached 310 million euros, indicating strong interest. The funds will primarily refinance existing loans and support various local development projects. This issuance enhances the municipality's financial flexibility and diversifies its funding sources. The bonds, consisting of 1.1 million units with a nominal value of 100 euros each, will mature in 2036, with repayments scheduled from 2033. The operation is seen as a significant step for Constanța in capital markets.