Corporate Bonds

These bonds are issued publicly and made available to both retail investors and legal entities, with each programme being registered and approved by the National Commission for Financial Markets (CNPF). All bonds are listed and traded on the Moldova Stock Exchange, subject to applicable terms.

I programme

Subscription period	April 2023 – August 2023
Programme size*	Up to MDL 400 million, in up to 4 tranches of MDL 100 million each
Nominal value	MDL 20,000 per bond
Maturity	3 years
Coupon type	Floating rate, re-set annually
Reference rate	The fixed margin of +2% to the interest rate offered on the maib classic deposit for 365 days
Coupon frequency	Monthly
Put option	Early redemption possible by investor request (subject to tranche limit)
Tradability	Bonds are listed and tradable on the Moldova Stock Exchange
Distribution	Sold through maib’s branch network and online platform with e-signature
Results	MDL 258 million (raised initially)

Applicable ISINs

MD1004000011

MD1004000029

MD1004000037

MD1004000045

II programme

Subscription period	December 2023 – November 2024
Programme size*	Up to MDL 1 billion, in up to 10 tranches of MDL 100 million each
Nominal value	MDL 20,000 per bond
Maturity	3 years
Coupon type	Floating rate, re-set annually
Reference rate	Average interest rate on new MDL deposits (banking sector-wide)
Coupon frequency	Monthly
Put option	Early redemption possible by investor request (subject to tranche limit)
Tradability	Bonds are listed and tradable on the Moldova Stock Exchange
Distribution	Sold through maib’s branch network and online platform with e-signature
Results	MDL 565 million (raised initially)

Applicable ISINs

MD1004000052	MD1004000060	MD1004000078	MD1004000086
MD1004000094	MD1004000102	MD1004000110	MD1004000128
MD1004000136

III programme

Subscription period	March 2025 – February 2026
Programme size*	Up to MDL 1.5 billion, in up to 10 tranches of MDL 150 million each
Nominal value	MDL 20,000 per bond
Maturity	3 years
Coupon type	Floating rate, re-set annually
Reference rate	Average interest rate on new MDL deposits (banking sector-wide)
Coupon frequency	Monthly
Put option	Early redemption possible by investor request (subject to tranche limit)
Tradability	Bonds are listed and tradable on the Moldova Stock Exchange
Distribution	Sold through maib’s branch network and online platform with e-signature
Results	MDL 1.2 billion (raised initially)

Applicable ISINs

MD1004000144	MD1004000151	MD1004000169	MD1004000177
MD1004000185	MD1004000193	MD1004000201	MD1004000219
MD1004000227

IV programme

Subscription period	February 2026 – Ongoing
Programme size*	Up to MDL 2 billion, in up to 10 tranches of MDL 200 million each
Nominal value	MDL 20,000 per bond
Maturity	3 years
Coupon type	Floating rate, re-set annually
Reference rate	Average interest rate on new MDL deposits (banking sector-wide)
Coupon frequency	Monthly
Put option	Early redemption possible by investor request (subject to tranche limit)
Tradability	Bonds are listed and tradable on the Moldova Stock Exchange
Distribution	Sold through maib’s branch network and online platform with e-signature
Results	N/A

Applicable ISINs

MD1004000235

MD1004000243

MD1004000250

MD1004000268

Risk Considerations

These instruments are classified as complex investment products. Investors are advised to consult the official prospectus and understand the associated risks, including those related to the issuer’s creditworthiness, market fluctuations, and liquidity. The payment of coupons and principal depends on the bank’s future cash flows.

Additional Information

More information, including the prospectus of each programme is available to the public on maib’s website, and on the CNPF website here. You can also contact our team directly:

Maib investments team
Phone: +373 22 303 297
E-mail: investment@maib.md

Valeria Kuznetova
Phone: +373 22 303 397
E-mail: valeria.kuznetova@maib.md

*Based on offer program