The new IPO in the Fidelis program will take place on the Bucharest Stock Exchange between November 9 and November 27, when investors can subscribe government bonds in RON with a maturity of 1 and 3 years, and in EUR, with a maturity of 5 years.
The government bonds will be offered in Romania exclusively to resident and non-resident individuals. The intermediary syndicate of the offer includes: BTCP (Lead Manager) & Banca Transilvania, BCR, BRD.
The bonds carry annual interests of 3.5% for the 1-year maturity, 4% for the 3-year maturity and 1.85% for the 5-year maturity bonds in euro.
“These moments of crisis in health and the economy are an opportunity to show cohesion and a chance for the population to make safe and good investments, which will not be eroded in the coming years. The success registered in summer proved we did the right thing,” said finance minister Florin Citu.
The government raised a record RON2 billion in its summer bond sale (RON1.22 billion and EUR168.4 million).