The T-bills via the Tezaur program carry annual interests of 6% and 6.85% for one and three-year maturities. The T-bills have a nominal value of RON1.
They can be bought as follows:
• Between April 15 and May 9, 2024, online only by private individuals enrolled in the Virtual Private Space for T-bills launched through the State Treasury units;
• Between April 15 and May 10, 2024, at the State Treasury units;
• Between April 15 and May 9, 2024, in urban areas and between April 15 and May 8, 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.
The T-bills issued through the Tezaur program are transferrable and may be redeemed early.
The funds obtained by the finance ministry, as issuer, will be used to finance the budget deficit and refinance the public debt.
(English version by Loredana Fratila-Cristescu)