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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

RO Govt. increases to 3.65% the coupon for 5-year bonds sold to households

The Ministry of Finance issues, starting June 7, three new issues of Government securities within the Tezaur scheme, with maturities of 1, 3, and 5 years.

Compared to the previous series of bonds with the same maturities in February, the coupon for the one-year bonds decreased slightly to 2.95% from 3.0%.

However, a weaker inflation outlook resulted in an upward adjustment of the coupons attached to longer-term maturities: 3.35% (up from 3.30%) for the 3-year tenant and 3.65% (from 3.45%) for the 5-year tenant, according to a press release of the institution.

The bonds issued under the Tezaur scheme are not listed on Bucharest Stock Exchange (BVB), like those issued under the Fidelis scheme. Nevertheless, under transparent terms, Tezaur bonds can be redeemed by the Treasury at the holder’s request.

The coupons attached to the Fidelis scheme are lower than those paid under Tezaur: in March, the coupons for 1-year and 3-year tenants under Fidelis were set at 2.85% and 3.1% respectively. The 5-year bonds were denominated in euros and were issued with a 1.55% coupon.

(Photo: Nuthawut Somsuk/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

RO Govt. increases to 3.65% the coupon for 5-year bonds sold to households

The Ministry of Finance issues, starting June 7, three new issues of Government securities within the Tezaur scheme, with maturities of 1, 3, and 5 years.

Compared to the previous series of bonds with the same maturities in February, the coupon for the one-year bonds decreased slightly to 2.95% from 3.0%.

However, a weaker inflation outlook resulted in an upward adjustment of the coupons attached to longer-term maturities: 3.35% (up from 3.30%) for the 3-year tenant and 3.65% (from 3.45%) for the 5-year tenant, according to a press release of the institution.

The bonds issued under the Tezaur scheme are not listed on Bucharest Stock Exchange (BVB), like those issued under the Fidelis scheme. Nevertheless, under transparent terms, Tezaur bonds can be redeemed by the Treasury at the holder’s request.

The coupons attached to the Fidelis scheme are lower than those paid under Tezaur: in March, the coupons for 1-year and 3-year tenants under Fidelis were set at 2.85% and 3.1% respectively. The 5-year bonds were denominated in euros and were issued with a 1.55% coupon.

(Photo: Nuthawut Somsuk/ Dreamstime)

andrei@romania-insider.com

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