The T-bills via the Tezaur program carry annual interests of 6.10% and 7.10% for one and two-year maturity, respectively. The T-bills have a nominal value of RON1 and are dematerialized.
Romanians have invested over RON12 billion in the 11 editions of the TEZAUR program from the beginning of 2023 until present.
The bonds can be bought as follows:
• Between December 18 and January 11, 2024 online only by private individuals enrolled in the Virtual Private Space for T-bills launched through the State Treasury units;
• Between December 18 and January 12, 2024 at the State Treasury units;
• Between December 18 and January 11, 2024 in urban areas and between December 18 and January 10, 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.