This is the ninth such offer carried out on the capital market since 2020. Through the previous seven offers, the ministry attracted over RON12.4 billion (EUR2.5 billion) from retail investors.
The government bonds via the Tezaur program carry annual interests of 7.75% for the one-year maturity and 7.90% for the two-year maturity. The bonds have a nominal value of RON1/bond and the annual interest is paid within the deadlines set in the issuance prospectus.
The leu-denominated government bonds via the Fidelis program carry annual interests of 8% for the three-year maturity. The euro-denominated bonds carry annual interests of 1.85% and 2.65% respectively, for one and two-year maturities. The nominal value is RON100/bond for leu-denominated Fidelis bonds and EUR100/bond for euro-denominated bonds. The minimum subscription threshold is RON5,000 and EUR1,000, respectively.
Resident and non-resident private individuals aged over 18 have between Sept 1 and 16 to subscribe through partner banks such as BT Capital Partners&Banca Transilvania, Banca Comerciala Romana, B.R.D. – Groupe Société Générale and Alpha Bank.
Income and gains from general population bonds are tax-free.