For the first time on the Moldova Stock Exchange, a transaction with state bonds was performed, marking this way a significant moment in the development of the national financial market. The Ministry of Finance said the acceptance of transactions with state bonds on the Moldova Stock Exchange was announced in May 2023, IPN reports.

Fifty state bonds with a fixed interest rate of 8.5% and a circulation period of five years were purchased by this transaction. The nominal value of a state bond is of 100 lei, while the sale-purchase price was of 103.07 lei.

”This transaction is an important step towards strengthening the capital market in the Republic of Moldova and highlights the sustained efforts of the financial market participants and regulators to develop and diversify the range of financial products available to investors, increasing simultaneously the attractiveness of the financial instruments issued by the Ministry of Finance by developing a secondary market,” the institution noted in a press release.

The same source said that by launching transactions with state bonds on the Moldova Stock Exchange, opportunities are created for investors to diversify their portfolios and to take part in the country’s economic development. The state bounds are a save method of making low-risk investments, stated the Ministry of Finance.