The offer addresses retail investors with two bond issues denominated in lei and one issue in euros.
The finance ministry will be listing leu-denominated bonds maturing in 2022 with an annual interest of 2.85%, leu-denominated bonds maturing in 2024 with an annual interest of 3.1%, and euro-denominated bonds maturing in 2026 with an annual interest of 1.55%.
The bonds carry a nominal value of RON100 and EUR100, respectively. The minimum subscription for local currency issues is RON5,000 and the minimum subscription for the euro-denominated issue is EUR1,000.
The government’s public offer will be brokered by BT Capital Partners as lead manager and lenders BCR and BRD as intermediaries.
Following the subscription period ending on March 19, the bonds will be listed for trading on the Bucharest capital market.