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
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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
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