The T-bills via the Tezaur program carry annual interest rates of 6.95%, 7.65% and 7.95% for one, three and five-year maturities.
They can be bought as follows:
* Between February 10, 2025 and March 6, 2025, online only by private individuals enrolled in the Virtual Private Space for T-bills launched through the State Treasury units;
• Between February 10, 2025 and March 7, 2025, at the State Treasury units;
• Between February 10, 2025 and March 6, 2025, in urban areas and between February 10, 2025 and March 5, 2025, 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.
The first edition of the TEZAUR program in 2025, carried out between January 13 and February 7, touched a record high as Romanians invested RON5 billion.