By comparison, at the previous offer, of February 2025, the Romanian state attracted a record high RON4.2 billion sum from investors via a Fidelis issue that carried slightly higher interest rates compared with the March one.
„The second issue of Fidelis government bonds this year reconfirms investors’ interest in this type of instrument, the easy subscription method, the advantageous interest rate and the predictability of the launch of these issues being defining elements in making an investment decision. By launching the monthly issues under the Fidelis program, the Ministry of Finance reaffirms its commitment to the development of this program, with individual investors becoming a partner by ensuring the financial resources necessary for the development of the Romanian State, while benefiting at the same time from the safety of the investment made and advantageous financial conditions,” stated Tanczos Barna, Deputy Prime Minister and Minister of Finance.
The Fidelis government bonds issued in March started trading on Bucharest Stock Exchange, Thursday, March 20.
The next Fidelis government bond offering is expected to begin in the first decade of April.
The interest rates of the offer that took place between March 7-14 reached 7.8% for the RON issue and 6% for the EUR one, with around 24.600 subscription orders being placed overall.
The primary offer for sale of Fidelis government bonds was carried out by the syndicate formed by BT Capital Partners (Lead Manager), Alpha Bank Romania, Banca Comerciala Romana, BRD – Groupe Societe Generale and TradeVille (Intermediaries) and Banca Transilvania, Libra Internet Bank (Distribution Group).
Through the 22 offers carried out since August 2020, the Ministry of Finance has attracted almost 10 billion euros from the population, which reflects the confidence of investors. The Fidelis program continues to be a key tool for the growth of the capital market in Romania and we congratulate the Ministry of Finance, the Syndicate and the partner Rock FM for the success enjoyed by the Fidelis program from one edition to another, including for the social component of the tranche for blood donor investors, where a total of over 58,000 orders have been placed since December 2022 to date’, said Radu Hanga, Bucharest Stock Exchange President.
The derived income is not taxable.
(English version by Catalina Apostoiu)