Investor Relations Release 27 February 2025

 

Third maib corporate bond programme approved by the regulator

 

Maib’s third bond programme  has received the necessary approvals from the Moldovan securities regulator, the National Commission for Financial Markets (CNPF).  The distribution will commence  in March 2025 via maib’s retail network and through online channels (for holders electronic signature). It follows a highly successful second corporate bond programme which raised MDL 565 million over 9 tranches in 2024 with over 1,600 investors taking up the bonds. 

 

Key features of the third programme of maib’s corporate bonds:

• It will commence in March 2025 and will be distributed via maib branches and online for e-signature holders
• The programme has a total value of MDL 1.5 billion over 10 tranches, MDL 150 million each
• The face value of each bond is MDL 20,000
• Each bond has a maturity of 3 years and pays a monthly coupon
• It has a floating coupon (re-set annually) tied to the average interest rate of new deposits in domestic currency (MDL) for the whole banking sector, plus a premium of between -1.0% and 3.0% depending on the class of the bond (class of the bond is to be determined by maib at time of issue)
• The bond is puttable by the holder up to a certain substantial amount

The bond programme conditions fully comply with relevant regulations of both the capital markets and banking system regulators and allow maib to diversify and expand its funding base. More information, include the prospectus will become available to the public on maib’s website here, and on the CNPF website here. You can also contact our team directly:

 

Nina Teleaga
Phone: +37322303398
E-mail: nina.teleaga@maib.md

 

Valeria Kuznetova
Phone: +37322303397
E-mail: valeria.kuznetova@maib.md

 

Developing capital markets in Moldova

By making more types of financial instruments available to the Moldovan public, such programmes develop the country’s capital market. Furthermore, as they are tradable on the Moldovan Stock Exchange, it allows holders the flexibility of obtaining liquidity quickly. Maib continues to be at the forefront of the capital market evolution with its innovative products and services.

Results of the previous bond programmes

First bond programme:

• Commenced in April 2023
• First corporate bond offering on Moldovan market in nearly twenty years.
• Total value of funds raised stood at MDL 258 million
• Over 740 investors bought into the offering

Second bond programme:

• Commenced in December 2023
• Total value of funds raised stood at MDL 565 million
• Over 1,600 investors bought into the offering

Both of the programmes were accompanied by a financial education campaign, which familiarized the public with the new financial instrument. Bond holders obtained a favorable return on their investment exceeding the weighted average rate on retail deposits.

 

 

Macar Stoianov, maib CFO, said:

"We are excited to launch our third and largest corporate bond programme to date, building upon the success of our previous offerings. This initiative provides our customers with enhanced investment opportunities featuring attractive returns and flexibility. Moreover, it reinforces our commitment to advancing Moldova's capital market by introducing diverse financial instruments that cater to the evolving needs of investors."

 

 

About maib

Maib is the largest bank in Moldova, with a share of 35.7% of deposits and 37.9% of loans of the entire banking system at the end of 4Q 2024. Maib is a disciplined lender with NPL ratio of 1.7% and is well capitalised with CAR of 20.6% as of 31 December 2024. The Bank is of systemic importance to the country as it serves almost a third of the population and is the largest private employer in Moldova, with a workforce of over 2,400 people. Since 2018, maib's largest shareholder is a consortium, which includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL, a leading asset management group in the Baltic States and Horizon Capital, a private investment fund focused on emerging markets.

 

Recent investor relations releases

• FY 2024 results: Maib delivers a substantial profit increase despite net interest margin headwind
• Maib named ‘Bank of the Year’ by the Banker for the Sixth Consecutive Year
• Maib successfully completes the placement of the second domestic bond programme, raising MDL 565 million

 

Upcoming investor events

• 04 April - Annual Report
• 02 May - Sustainability report
• 06 May - 1Q 2025 Financial Results

 

Contact investor relations

Maib Investor Relations
Evgenii Risovich
Phone: +37368403477
E-mail: Evgenii.Risovich@maib.md

 

Press Contact
Daniela Șerban
Phone: +40742242662
E-mail: Dserban@vertikgroup.eu

 

For further enquiries, please contact: IR@maib.md or by phone at +373 68 403 477 or visit our website ir.maib.md.