Romania’s households allocated a third of Fidelis state bond placements to 10-year EUR issue in March

The volume of state bonds sold by the Romanian Treasury in March was, to a significant extent, supported by the households’ preference for long-term bonds denominated in foreign currency. The 10-year issue denominated in euros, with a 6% coupon, attracted EUR 92 million, the equivalent of RON 467 million, or more than a third of the total subscriptions.

In total, the March edition of the Fidelis government securities program attracted subscriptions of over RON 1.17 billion. Investors placed a total of 14,691 subscription orders, with a total value of investments of RON 533.96 million and EUR 126.13 million.