The T-bills via the Tezaur program carry annual interest rates of 5.80%, 6.60% and 7% for one, three and five-year maturities.
They can be bought as follows:
* Between September 9, 2024 and October 3, 2024, online only by private individuals enrolled in the Virtual Private Space for T-bills launched through the State Treasury units;
• Between September 9, 2024 and October 4, 2024, at the State Treasury units;
• Between September 9, 2024 and October 3, 2024, in urban areas and between September 9, 2024 and October 2, 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.
Romanians have invested over RON10.5 billion in the nine editions of the TEZAUR program from the beginning of 2024 until present.