The ministry plans to issue two, three and five-year household bonds on Monday, offering annual interest rates of 4%, 4.5% and 5%, respectively.
The bonds are dematerialized and their nominal value of RON1. The ministry also eliminated a previous cap on how much one investor is allowed to subscribe. The bonds will be available for subscription between February 4 and February 22.
The ministry raised RON2 billion selling household bonds last year.
Following its surprise-tax on bank assets introduced in late December 2018, the government in January only managed to raise RON1.66 billion selling state paper out of a planned RON3.7 billion.
Finance minister Eugen Teodorovici said late January the government would no longer seek to borrow money from banks through state paper but would use its buffer. The buffer is of approximately RON34 billion and would only ensure required financing for about five months.