The Ministry of Finance attracted over 2.2 billion RON in the Fidelis government bond offering in March

The Ministry of Finance (MF) attracted over 1.4 billion RON and 168 million Euro (values totaling over 2.2 billion RON –452 million Euro), through the second primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.

‘The second issue of Fidelis government bonds this year reconfirms investors’ interest in this type of instrument, the easy subscription method, the advantageous interest rate and the predictability of the launch of these issues being defining elements in making an investment decision. By launching the monthly issues under the Fidelis program, the Ministry of Finance reaffirms its commitment to the development of this program, with individual investors becoming a partner by ensuring the financial resources necessary for the development of the Romanian State, while benefiting at the same time from the safety of the investment made and advantageous financial conditions. We are particularly pleased with the results recorded on the tranche intended for blood donors, a financial instrument with a social policy component attached, namely supporting people in difficult times’, stated Tanczos Barna, Deputy Prime Minister and Minister of Finance.

‘Fidelis government bond issues strengthen the link between the State and the capital market, offering investors safe and attractive investment opportunities. Guaranteed by the State, these bonds present a low risk and are useful for diversifying portfolios, especially in times of uncertainty. A major advantage is the tax exemption of earnings for individuals, which increases their attractiveness. Through the 22 offers carried out since August 2020, the Ministry of Finance has attracted almost 10 billion euros from the population, which reflects the confidence of investors. The Fidelis program continues to be a key tool for the growth of the capital market in Romania and we congratulate the Ministry of Finance, the Syndicate and the partner Rock FM for the success enjoyed by the Fidelis program from one edition to another, including for the social component of the tranche for blood donor investors, where a total of over 58,000 orders have been placed since December 2022 to date’, said Radu Hanga, Bucharest Stock Exchange President.

‘The listing of Fidelis government bonds represents an important milestone for the Romanian capital market. These instruments offer investors attractive and secure opportunities and, at the same time, contribute to establishing reference standards for corporate and municipal bond issuers, as well as for companies wishing to list. Fidelis is a valuable benchmark in setting financing prices, thus facilitating access to capital and promoting transparency and efficiency in the market. Through these issues, the Ministry of Finance demonstrates the State’s commitment to supporting the development of the capital market and to offering investors the opportunity to diversify their portfolios. We are confident that the Fidelis program will continue to attract investor interest and contribute to the growth of the Romanian capital market, providing a successful example for future bond issues and company listings’, said Adrian Tanase, Bucharest Stock Exchange CEO.

During this offer, which took place between March 7^th and 14^th, Romanians placed over 24,600 subscription orders, for both RON denominated and EUR denominated government bonds.