One-year bonds carry an interest of 3.5%, two-year bonds carry an interest of 4%, three-year bonds carry an interest of 4.25% and five-year bonds carry an interest of 4.75%, the finance ministry said Tuesday.
The bonds cost RON1 a piece and income from interests is not subject to taxation.
The bonds make attractive savings instruments as interest on bank deposits range from 1% to 4%. The offered interest is also higher compared to the finance ministry’s borrowing costs on the interbank market, where the reference rate stands at 3.7% for five-year maturity.
Individuals aged at least 18 may buy state bonds at their local treasury units between July 1 and July 31, at post offices in urban areas between July 1 and July 30, and at post offices in rural areas between July 1 and July 29.