Neither the seller, nor the buyers will be charged for these transactions.
“The Bucharest Stock Exchange aims to accommodate a market for this type of government securities so that it will be considered an efficient alternative compared to other markets, including in terms of costs,” the market operator said in a statement.
Trading fees applied to secondary market transactions of government securities designated to retail investors will be 1 leu (EUR0.227) per transaction, for both the buyers and the sellers.
“The intermediaries acting as Market Makers on this market will have a trading fee of only RON0.5 per transaction, as a stimulus for bringing more liquidity to this market,” the stock exchange said.
The Finance Ministry said last month it was considering selling government securities to the population, provided it could reach a satisfactory agreement with the Bucharest Stock Exchange and the Financial Supervisory Authority over the relevant fees.
“We are working with the stock exchange and the financial regulator to issue a retail bond in Bucharest,” said Stefan Nanu, head of Treasury.
“It all depends on how much they are willing to cut their commissions.”
The ministry last borrowed money from population in 2005. (EUR1=RON4.3955)