BSE to start trading first municipal bond issue of 2011

The Bucharest Stock Exchange BSE will start trading on Monday the first municipal bond issue of 2011. Issued by Bihor county, it counts 779.864 bonds with an initial nomincal value of RON 100 per share. The issue has as maturity date Decmber 15 2027, the principal is payable on 34 quarterly installments and the interest is payable quarterly.