BRD, Raiffeisen and BCR, the three banks running the sale, will hold a roadshow in three major cities to present the bond program in June 9-12.
The finance ministry aims to sell 100 million lei (EUR22.5 million) of government bonds, with an up to three years maturity.
“The interest will be set according to a reference rate on the bond market, plus/minus 0.2 percentage points. The prospect will be published Friday, and it will include the interest interval,” treasury chief Stefan Nanu told a news conference held at the Bucharest stock exchange to present the bond sale.
“Depending on demand, we might increase the amount of the sale, or accept a maximum interest rate.”
Nanu said the aim of the program is a high dispersion, namely as much investors as possible. “Small investors, with subscriptions of up to RON50,000 will have priority.”
The bond will be listed on the Bucharest stock market starting June 26.
If the program proves successful, the ministry could launch bond sales to public quarterly.