Two government bonds are denominated in lei and two are denominated in euro.
The leu-denominated bonds carry annual interests of 4.75% for the 1-year maturity (April 2023) and of 5.5% for the 3-year maturity (April 2025).
The euro-denominated bonds carry annual interests of 1.2% for the 1-year maturity (April 2023) and of 1.6% for the 2-year maturity (April 2024).
Upon the closing of the subscription period, the Fidelis bonds will start trading on the Bucharest Stock Exchange, just like the previous bond issues.
The finance ministry has been selling Fidelis bonds for the general population since the summer of 2021. The funds obtained by the ministry, as issuer, will be used to finance the budget deficit.
Bond issues are intermediated by BT Capital Partners (leader of the consortium made up of BT Capital Partners and BT) — as lead manager of the intermediation syndicate and intermediary, BT — as a distribution group, Alpha Bank — as intermediary, BCR — as intermediary and BRD — as intermediary.