Romania’s retail investors in public debt scheme Fidelis prefer euro bonds in July

As much as 70% of the value of subscriptions in this month's edition of the retail public debt scheme Fidelis is in securities denominated in the single European currency, Profit.ro pointed out based on the public data. Investors are thus reacting to the shrinking coupons attached by Romania’s Treasury to the leu-denominated bonds, but also to the exchange rate risk posed by the political turmoil.

One day before the end of the subscription period, RON 165 million (EUR 31.5 million) and EUR 71.3 million of bonds were subscribed by investors.