Today, at the invitation of VMB Partners, we have attended the press conference organized by the Cluj County Council on the occasion of the first ever bond issue to finance projects in health, education, culture and road infrastructure, carried out by the County Council.

The value of the issue is 75,680,000 euros, i.e. 756,800 bonds worth 100 EUR. The principal is to be repaid in 5 annual instalments, with a variable six-month EURIBOR coupon + interest rate ranging from 0.5 to 3.5%.

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