The pension funds bought 40% of Bucharest City Hall's bond issue, totaling RON 222 million out of a RON 555 million loan.
Raluca Ioana Draghici
Economy
www.shutterstock.com
Always see our news on Google
Bucharest City Hall has listed a new bond issue worth 555.1 million lei and pension funds bought 40% of it. Participation was significant, with 5 out of 7 Pillar 2 funds and 9 out of 10 Pillar 3 funds involved. The bonds have a maturity of 6 years and a coupon of 8.47%, and the funds raised will be used to refinance public debt. PMB currently has 3 other bond issues available on the stock exchange.
Sources
Fondurile de pensii au cumpărat 40% din emisiunea de obligațiuni în lei a Primăriei București din aprilie (desprepensiiprivate.ro)
Banii de pensii finanțează Primăria Capitalei: fondurile Pilon II și Pilon III au cumpărat obligațiuni municipale de 222 de milioane de lei pentru 8,47% dobândă
Latest News
18:27
Patrushev threatens Poland with extinction if it takes part in military actions against Russia
18:19
The Huțulca Mocănița derailed during shunting operations in Bucovina / The locomotive ended up on the asphalt, with no tourists on board
18:11
The Capital City Gendarmerie detained 26 people following the violent incidents at Tuesday’s protest in Victory Square
18:11
Victor Negrescu calls for education to be funded through gambling taxes, citing PISA results
18:10
The Minister of Education announced that schools will receive recommendations in the event of drone incidents
See more news
NEWS ON THE SAME TOPICS
Current Affairs
The seven privately managed pension funds (Pillar 2) recorded substantial growth in the first three months of this year.
.webp)
Current Affairs
The General Council of Bucharest Municipality has approved contracting up to 990 million lei for the rehabilitation of passages and bridges.
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
