The T-bills via the Tezaur program carry annual interests of 6.10% and 7% for one and three-year maturity, respectively. The T-bills have a nominal value of RON1 and are dematerialized.
The bonds can be bought as follows:
• Between January 15 and February 8, 2024 online only by private individuals enrolled in the Virtual Private Space for T-bills launched through the State Treasury units;
• Between January 15 and February 9, 2024 at the State Treasury units;
• Between January 15 and February 8, 2024 in urban areas and between January 15 and February 7, 2024 in rural areas, through the postal subunits of the state-owned postal operator Posta Romana S.A.
The interest rate is annual, payable within the deadlines stipulated in the issuance prospectus.
Income and gains from general population bonds are tax-free.
The funds obtained by the finance ministry, as issuer, will be used to finance the budget deficit and refinance the public debt.