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Bucharest
December 9, 2022
BUSINESS

Individual investors buy state bonds worth RON 65 M

Individual investors have bought government bonds worth RON 65 M in a sale session with a total value of RON 100 M, a session that took place on June 8-19, the Public Finance Ministry informs. The interest rate has been set at 2.15 per cent per year.

The government bonds issuance, the first in the last 10 years for individual investors, was subscribed by a total number of 1,236 investors, the biggest demand being registered in Bucharest (46.13 per cent), followed by the Sibiu (3.37 per cent), Mehedinti (2.97 per cent), Alba (2.87 per cent), Dolj (2.80 per cent) and Olt (2.76 per cent) counties.

According to the aforementioned source, the re-launch, after a 10-year dry spell, of government bonds exclusively for individual investors through the FIDELIS Program seeks to create an alternative savings instrument, to diversify the base of investors in government bonds as well as to improve the population’s financial culture.

The government bonds for individual investors will be traded by the Bucharest Stock Exchange starting on June 26.

The Public Finance Ministry will carry out an assessment of this pilot issuance of government bonds for individual investors and, on its basis, will establish the market strategy concerning the issuance of this government borrowing instrument.

The value of the program dubbed FIDELIS stood at RON 100 M, open to hiking, and a government bond’s nominal value stood at RON 1,000. The bonds have a maturity of two years.

In case the investor wants to sell the government bonds purchased or to buy new bonds after the issuance is over and the bonds are floated on the stock exchange, he can consult their quotes on www.bvb.ro but has to get in touch with the intermediary.

 

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