VICTORIABANK, a professional participant of the securities market, provides underwriting services based on a license issued by the National Committee of Financial Market and the underwriting agreement.

VICTORIABANK provides the following underwriting services on the corporate securities market:

• Offer consulting to the issuing joint stock company and develop the parameters of the future loan and relevant obligations, taking into consideration the issuer’s needs and market conditions, coordinate the entire process of issuance (providing underwriting services and guarantees, if necessary, purchasing bonds that have not been placed).

• Determine jointly with the issuer the volumes of issuance, the term of circulation, the par value, and the form of income (with discount or coupon), the method of assessing the income (with fixed rate or floating rate), possibility of repurchase / repayment prior to the maturity date, conversion of bonds into other securities of the issuer, etc.
• Provide services as a market-maker after the registration with the National Commission for Securities of the report regarding the results of the issuance, for example – ensuring a secondary market for bonds, increasing the liquidity of bonds by maintaining the rates of sale and purchase at the levels negotiated with the Issuer.
• Coordinate and manage together with the Issuer the financial flows, placing bonds in instalments, managing the loan costs and loan structure depending on the maturity date by means of repurchase and/or additional placement of bonds.
• Provide services related to the payment of coupons associated with bonds and their par value upon repayment.  

ADVANTAGES OF FINANCING OF ECONOMIC ENTITIES BY PLACING CORPORATE BONDS:

1. The issuance of bonds would allow the issuing joint stock company to place the loan between a high number of individual creditors – bondholders. In this way, the influence of each creditor separately will be significantly reduced.
2. The placement of bonds allows the Issuer to manage more efficiently the financial flows - placing bonds in instalments, managing the cost of attracted funds and their structure depending on the maturity date – by means of their repurchase or additional placement of bonds.  
3. Placing bonds and making full and timely payments associated with bonds, the Issuer creates a favourable personal crediting history on the capital market, which will allow him/her to continue attracting new resources at lower costs.
4. The loan liquidity, meaning the possibility for the investor (creditor) to sell the bonds held on the secondary market – represents an additional incentive for investors to buy these financial instruments with a lower interest compared to other methods of placing free funds.

Location:
Bank central office: Chisinau, str. 31 August 1989, nr.141
Contact phone numbers: (373 22) 57 63 50, 57 63 51, 57 63 53, 57 63 54
Fax: (373 22) 23 30 89