maib corporate bonds

Corporate bonds are financial debt instruments through which maib attracts monetary resources from citizens and businesses.

The corporate bond issuer is B.C. "MAIB" S.A.

Any individual or legal person, resident or non-resident in the Republic of Moldova.

The process by which corporate bonds are purchased.

Maib does not charge certain commission fees from investors when subscribing to bonds through the primary public offering.

During the working days of the offer validity period. Subscribers will submit the application at any maib branch or at the Corporate Investments Department (mun. Chisinau, str. 31 august 1989, no. 127, maib park, et.7) and will conclude a bond subscription contract, signed between three parts, in 2 (two) copies, between the subscriber and the issuer.

The bidding process and the signing of the documents will take place at the issuer's headquarters.

The coupon is the interest paid periodically (quarterly) to the bondholders during the circulation period. The payment will be made quarterly, which means 12 payments during the circulation period of the bonds, which constitute 3 years.

The coupon rate is floating and is paid for the entire bond-holding period.

Coupon rate formula:

Rn = reference rate + 2% (set fixed margin),

where: the reference rate represents the interest rate offered by the bank on the maib classic deposit for 365 days opened at the branch, published on the official website maib.md, section Deposits for individuals, and 2% is the set fixed margin.

The risk of default on contractual obligations. The inability of the issuer to honour its commitments to the investor regarding the payment of the coupon and/or the principal (investment). In this case, the bondholder can request early redemption of the bonds.

Maib corporate bonds are issued only in MDL.

An investor can subscribe from 1 (one) bond, worth 20,000 MDL. The maximum limit is not set.

Yes, until the registration procedure is completed. The investor ensures the availability of funds on the special payment account for the issue until the expiration date of the subscription period.

The Central Securities Depository Moldova maintains the Register of Bond Holders. The bonds are issued in dematerialized form by registering in the account.

Yes, the issuer cannot call for the bonds to be redeemed before maturity. The circulation period of the bonds is 3 years.

Yes! The issuer will pay the subscriber a sum, which will be calculated from the subscription closing date to the issue registration date. This additional benefit will be paid together with the first coupon.

Starting with January 1, 2024, according to art. 901, par. 37 of the Tax Code of the Republic of Moldova, income obtained as interest on corporate securities is taxed at 6%. As an issuer, maib will charge a tax of 6% of the interest paid for the benefit of resident individuals. Beneficiaries of the income are obliged to declare and pay the respective tax.

It is not mandatory, but an advantage. The maib customer will receive the coupon and principal (investment) faster and directly on the card.

More information about corporate bonds can be obtained:

• At phone number:  (+373) 22303398 / (+373) 22303397
• By email:  nina.teleaga@maib.md / valeria.kuznetova@maib.md
• On maib.md webpage.

Each subscriber has the right to redeem bonds at their nominal value voluntarily but within a limit of 250 bonds per holder in an issue. The voluntary redemption request may be launched until the coupon is paid, but no earlier than 30 days before the coupon is paid. In this case, the last coupon is not paid.

Maib corporate bonds are traded through the Moldova Stock Exchange. The holder has the right to dispose of the bonds on the secondary market through accredited, regulated market members.