“A new edition of FIDELIS ended with an extraordinary result: 6,500 lives saved by the donor-investors. Thank you from the bottom of my heart to all the donor-investors, on behalf of all those who have been given a second chance. Beyond this aspect, we are happy with the success of the offer in general: over 3.5 billion lei, invested by 26,000 Romanians. They have chosen a safe, non-taxable instrument that makes their economies produce, and in return the state gets the resources to finance essential projects and support economic development. FIDELIS proves that it integrates perfectly into the dynamics of investments by individuals on the capital market”, stated finance minister Marcel Bolos.
“We congratulate the Ministry of Finance for the historic success of the latest Fidelis government bond issuance, which raised an impressive 3.5 billion lei and attracted over 26,000 subscription orders from retail investors. These achievements highlight the growing confidence that Romanian citizens place in government-backed investment opportunities, while also reflecting the maturity and depth of the Romanian capital market. The unprecedented success is a testament to the strong collaboration between the Ministry of Finance and the Romanian capital market, who have worked together to create accessible and attractive financial instruments. This partnership not only strengthens the national economy but also highlights the role that the retail investors play in Romania’s financial ecosystem, as their number continues to grow, reaching overs 202,000 in the first half of this year”, said Radu Hanga, Bucharest Stock Exchange President.
“The records achieved in this issuance underscore the deepening trust of retail investors in government securities and the continued strengthening of Romania’s capital market. Since 2020, retail investors have traded more than 3.2 billion lei in Fidelis government bonds on the secondary market, representing approximately 10% of the total amount raised by the Ministry of Finance in the previous 18 issuances — a clear sign of the growing activity and liquidity in this sector. We would also like to congratulate the Ministry’s partners in the Fidelis program’s success, the brokers syndicate and Rock FM, whose dedicated collaboration has made these results possible. Their support continues to play a crucial role in making Fidelis bonds an accessible and attractive investment vehicle for Romanians, ultimately contributing to the stability and growth of the national economy”, said Adrian Tanase, Bucharest Stock Exchange CEO.
The primary offer for sale of Fidelis government bonds was carried out by the syndicate formed by BT Capital Partners (Lead Manager and Intermediary) and Banca Transilvania (Distribution Group), as well as Alpha Bank Romania, Banca Comerciala Romana, BRD – Groupe Societe Generale (Intermediaries). The government bonds could also be purchased through 10 eligible participants.
‘A new issuance under the Fidelis program brings a new record, both in the value of subscriptions as well as in the number of investors. In a market that has seen the success of several government and corporate paper issuances and just before a volatile period from a macroeconomic and political perspective, where major decisions with regard to the future of the local and global economic are to materialize, we notice investors’ propensity to benefit from attractive interest rates on low-risk government bonds for retail investors. Likewise, the maturity of multiple previous issuances has supported the level of available funds to be invested and has pushed the attracted amounts above the record established just at the previous edition’, stated Daniela Secara, CEO, BT Capital Partners.
“The Fidelis program remains a trusted pillar for retail investors in Romania. The consistent participation and increased interest show that Romanians understand the benefits of this financial instrument, which continues to offer attractive returns in a volatile economic context. Fidelis is not just a successful program but also a testament to the development of the local capital market”, said Nicoleta Ruxandescu, Alpha Bank Romania Investment and Capital Markets Unit Director.
“Fidelis T-bonds have become an indispensable tool for optimizing portfolio management for retail investors, especially with regard to individuals with a medium and high degree of sophistication in terms of knowledge in the field of personal investments. Also, the attractiveness of the financial instrument lies in the fact that, for some of the subscribers, Fidelis securities represent the first contact with the capital market, these financial instruments representing their first investment in securities listed on the stock exchange. Subsequently, individuals who start as investors by purchasing Fidelis securities on the primary market can gradually become investors in a wider range of instruments with different degrees of risk, such as certain categories of shares and corporate bonds. Thus, thanks to the issuance of Fidelis securities, the retail segment on the Bucharest Stock Exchange is gradually and sustainably consolidated and that is why the Fidelis program is one of major long-term importance for the Bucharest Stock Exchange”, said Irina Neacsu, BRD – Groupe Societe Generale Corporate Finance Executive Director.
“The Fidelis government bond issues are an example of a collaborative exercise through which the Ministry of Finance, BVB and the banks in the consortium promote investment education and active involvement in Romania’s economy. Each government bond issued is more than a savings instrument, it is an investment in our common future and in projects that ensure the sustainable development of the country. Moreover, with each listing, we are pleased to attract an even greater number of investors, who are showing more interest in the area of investment of savings, but also confidence in the economy. And also, confidence in our role, the people at BCR, to help every Romanian make smart financial choices for the present and the future”, said Andrei Ionut Popescu, Executive Director Financial Markets BCR.