New offering of govt. bonds for individual investors kicks off at Bucharest Stock Exchange
<p>The Romanian Ministry of Finance (MF) has announced a new public offering for Fidelis government bonds, set to take place at the Bucharest Stock Exchange between August 8 and 20, 2024.</p>

<p>This marks the fourth such offer this year and the eighteenth since the Fidelis program was reinstated in July 2020.</p>

<p>The Ministry has successfully attracted RON 31.6 billion (EUR 6.4 billion) from the public through previous offerings.</p>

<p>This new issuance includes five different bonds in both RON and EUR, with one series specifically dedicated to blood donors. The bonds for blood donors are denominated in RON, have a one-year maturity, and offer an annual interest rate of 6.8%, 1pp higher than in the regular tranche. Eligible investors for this tranche must have donated blood between March 1 and August 20, 2024.</p>

<p>Apart from the special tranche for blood donors, the Ministry of Finance will also issue two other RON-denominated bonds: one with a one-year maturity at an interest rate of 5.8% per annum, and another with a five-year maturity offering 7% per annum.</p>

<p>Additionally, there are two EUR-denominated bonds available: a one-year bond with a 4% annual interest rate and a five-year bond with a 5% annual interest rate.</p>

<p>Subscriptions for Fidelis government bonds are open to both resident and non-resident individuals over the age of 18.</p>

<p>The bonds can be purchased through the Bucharest Stock Exchange, facilitated by a consortium of intermediaries, including Alpha Bank Romania, BT Capital Partners &amp; Banca Transilvania, Banca Comerciala Romana, and BRD - Groupe Societe Generale.</p>

<p><em>(Photo: Bursa de Valori Bucuresti)</em></p>

<p><em>andrei@romania-insider.com</em></p>