The Ministry of Finance lists new FIDELIS government bonds worth 2 billion RON

The Ministry of Finance listed today four new issues of FIDELIS government bonds totaling almost 2 billion RON. The four issues of government bonds are traded under the stock tickers R2304A, R2504A, R2304AE, R2404AE. The debut of the bonds on Bucharest Stock Exchange (BVB) comes after the first FIDELIS public offer held this year, between March 17 and April 1. It is the third largest FIDELIS offer in terms of value carried out by the Ministry of Finance on Bucharest Stock Exchange, out of a total of seven offers successfully concluded starting with July 2020. The Ministry of Finance has attracted over 11 billion RON (2.2 billion Euro) from retail investors in the last two years.

“The results of the FIDELIS program registered in the first offer held in 2022, in which the amount of approximately RON 2bn equivalent was subscribed, reconfirms the investors’ interest for these instruments and the confidence in the Romanian state during this difficult context marked by negative economic effects, as well as financially ones, of the geopolitical conflict in the region,“ stated Adrian Caciu, the Minister of Finance.

“The increased interest of investors for these new FIDELIS government bonds demonstrates on the one hand a change in the investment behavior of Romanians, and on the other hand their confidence in the financial instruments issued by the Ministry of Finance. The constant financing strategy of the Ministry of Finance, using also stock exchange mechanisms, is an additional proof of the local capital market resilience, as well as of our solid partnership,“ said Radu Hanga, Bucharest Stock Exchange President.

“The number of retail investors is constantly growing since the first quarter of 2020. This increase is certainly correlated with the start of the first issue of FIDELIS government bonds on the stock exchange, in July 2020, along with all the progress we, as a market, have made during this period. We are pleased to have the Ministry of Finance both as a partner through which we consolidate the local capital market’s role in the economy, and as an issuer of financial instruments on BVB,“ said Adrian Tanase, Bucharest Stock Exchange CEO.

The retail investors placed 14,547 subscription orders during the offer held in the second half of March for both government bonds denominated in RON and those in EUR. The offer included government bonds in RON with maturities of one and three years and, respectively, two issues in EUR, with the maturity in 2023 and 2024. The intermediary syndicate of the offer includes BT Capital Partners & Banca Transilvania, BCR, BRD – Groupe Societe Generale and Alpha Bank Romania.