The T-bills via the Tezaur program carry annual interest rates of 5.85%, 6.60% and 7% for one, three and five-year maturities.
They can be bought as follows:
* Between October 7, 2024 and October 31, 2024, online only by private individuals enrolled in the Virtual Private Space for T-bills launched through the State Treasury units;
• Between October 7, 2024 and November 1, 2024, at the State Treasury units;
• Between October 7, 2024 and October 31, 2024, in urban areas and between October 7, 2024 and October 30, 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.
More than 240,000 people in Romania have invested over RON12 billion in the ten editions of the TEZAUR program, from the beginning of 2024 until present.