Romanian buys EUR 83 mln state bonds, Govt. wants to borrow more from households
Romania’s Finance Ministry will launch another series of bonds for households after it managed to draw about RON 2 billion (EUR 416 million) with the Fidelis bond program. Notably, one individual bought RON 400 million (EUR 83 mln) worth…
Romania Insider · Journalist
· Updated · 1 min read
Romania’s Finance Ministry will launch another series of bonds for households after it managed to draw about RON 2 billion (EUR 416 million) with the Fidelis bond program. Notably, one individual bought RON 400 million (EUR 83 mln) worth of four-year government papers, according to Ziarul Financiar.
The Fidelis program started on July 15 and was carried out through the Bucharest Stock Exchange. It included five-year bonds in euro, with a coupon of 2% per year, and two- and four-year local currency bonds with yearly coupons of 4% and 4.5%.
The new program, Tezaur, will be carried out through the Treasury and Romanian Post units, aiming to draw a wider category of investors, Digi24 reported. Romanians will have to choose between papers in local currency with maturities of one, two, three, and five years.
The deadline for this new program is the end of August.
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