Ministry of Finance attracted over 864 million Euro through Fidelis government bond offering on BVB

The Ministry of Finance attracted over 4.3 billion RON (864.6 million Euro), through the first primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.

‘The first FIDELIS issue of this year sets a new record since the launch of the program, amid the increased interest of Romanians in government securities issued by the Ministry of Finance. The consistent demand for both RON and EUR tranches, along with investments with long maturities of 3, 5 and 7 years, reflects the confidence in government policies and the increase in the level of financial education among the population. Through monthly issues, we remain a trusted partner for investors, while supporting social causes and offering, together with our partners for over 5 years, safe and advantageous financial instruments’, stated Tanczos Barna, Deputy Prime Minister and Minister of Finance.

‘We congratulate the Ministry of Finance and its partners on the success of the Fidelis program, the consortium of intermediaries and Rock FM, whose cooperation made these results possible. The interest shown by investors in Fidelis government bonds is impressive and, at the same time, demonstrates their confidence in the prospects of the Romanian economy and in the State’s ability to honor its financial commitments. The success of this issue and the previous ones underlines, once again, the importance of the capital market for financing the Romanian State and for the development of the national economy. The close cooperation between the Ministry of Finance and the local capital market allowed the creation of an attractive and accessible investment instrument for Romanians and, at the same time, led to the diversification of the sources of financing accessed by the Romanian State. We are convinced that the partnership between the Romanian State and the capital market will continue to develop, bringing benefits to both the State and the investors at BVB’, said Radu Hanga, Bucharest Stock Exchange President.

‘The remarkable result of this issue confirms once again the confidence of Romanians in the financial instruments listed on the Bucharest Stock Exchange and in the opportunities offered by Fidelis government bonds. We see a particular interest in the 1-year lei and the 7-year euro maturities, which represented over half of the total value attracted. This demonstrates the maturation of the Romanian capital market and the increased appetite of individual investors for safe and attractive investments. We congratulate the Ministry of Finance for this new success and for its commitment to support the development the Romanian financial market. Fidelis government bonds remain an essential pillar for diversifying Romanians’ investments and stimulating savings through the capital market, and BVB will continue to cooperate with financial institutions to offer solid and accessible tools to all investors for managing their portfolios’, said Adrian Tanase, Bucharest Stock Exchange CEO.