The Fidelis government bonds issued in April by the Ministry of Finance – of over RON 1.3bn – debuted on the Bucharest Stock Exchange
- The Ministry of Finance (MF) attracted almost RON 838mn and EUR 101mn through six issues of government bonds for retail investors (Fidelis), within the third offering held this year on the capital market.
- The Fidelis government bonds issued in April started trading on Bucharest Stock Exchange, Thursday, April 17th.
- The next Fidelis government bond offering is expected to begin in the first decade of May.
- Through the 23 offers held since August 2020, the Ministry of Finance attracted almost RON 48.8bn (EUR 9.9bn) from the retail investors.
The Ministry of Finance (MF) attracted almost RON 838mn and EUR 101mn (values totaling over RON 1.3bn – EUR 269.7mn), through the third primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.
The primary offer for sale of Fidelis government bonds was carried out by the syndicate formed by BT Capital Partners (Lead Manager), Alpha Bank Romania, Banca Comerciala Romana, BRD – Groupe Societe Generale and TradeVille (Intermediaries) and Banca Transilvania, Libra Internet Bank (Distribution Group). The government bonds could also be purchased through 9 eligible participants.
During this offer, which took place between April 4th and 11th, Romanians placed 16,432 subscription orders, for both RON denominated and EUR denominated government bonds.
The details are available in the next table:
|
Criteria |
RON issue for blood donors 1 yr |
RON issue 1 yr |
RON issue 3 yrs |
RON issue 5 yrs |
EUR issue 2 yrs |
EUR issue 7 yrs |
|
ISIN |
RO7EDWC8QC48 |
RO46A6FI84J6 |
ROL18FQB3YR2 |
ROE5YA2DZUA8 |
ROSSLQ9LCF50 |
ROV33IZK0XP8 |
|
Simbol |
||||||
|
Maturity |
1 an |
1 an |
3 ani |
5 ani |
2 ani |
7 ani |
|
Yearly interest rate |
7.60% p.a. |
6.60% p.a. |
7.30% p.a. |
7.60% p.a. |
3.6% p.a. |
6.00% p.a. |
|
Amount raised (millions) |
99.6 |
480.4 |
149 |
108.5 |
42.8 |
58.5 |
|
Nominal value |
RON 100 |
RON 100 |
RON 100 |
RON 100 |
EUR 100 |
EUR 100 |
|
Minimum subscription value |
RON 500 |
RON 5,000 |
RON 5,000 |
RON 5,000 |
EUR 1,000 |
EUR 1,000 |
The income obtained through the investment in FIDELIS government bonds, both from interest and from capital gains, is non-taxable.
Resident and non-resident individuals over the age of 18 up to the closing of the offer were able to invest in the issuance of Fidelis government bonds.
Useful information about FIDELIS government bonds – questions and answers
Where can I find the bonds that I bought in the offer?
If the bonds were subscribed through a bank or brokerage company, without signing a financial investment services contract, the government bonds are registered in the records of the Central Securities Depository on behalf of the holder. If the government bonds have been purchased based on a financial investment services contract, through a bank or brokerage company authorized to trade on the Bucharest Stock Exchange, the government bonds are in the holder’s trading account.
What do I do with government bonds?
They can be kept until maturity, or the holders can sell them or buy others in any trading session at BVB, through one of the intermediaries authorized (bank or brokerage company) to trade at BVB.
If the holders want to keep government bonds, they have two options:
- They will receive the interest annually, and at maturity the principal will be returned to a bank account sent to the Central Securities Depository, if the subscription was made through a bank or brokerage company, without signing a financial investment services contract.
- They can open a trading account at a bank or brokerage company, by signing a financial investment services contract and can transfer the government bonds from the Central Securities Depository to this trading account. In this case, the holders will have the government bonds in the investment account in which they will receive the annual coupon, and when the bonds will mature, the principal will be returned to them.
How can I sell or buy government bonds after the offer is closed?
The trades on the Bucharest Stock Exchange take place between buyers and sellers through the trading platform. In order to be able to buy or sell, investors must have a trading account with a bank or brokerage firm. The list of intermediaries authorized to trade on BVB is available HERE.
Where can I see the current price of the bonds?
The price can be checked at any time on the Bucharest Stock Exchange website, www.bvb.ro, by entering the symbols below in the [Search] box on the main page:
R2604B – for the blood donors, 1-yr maturity government bonds denominated in RON
R2804A – for the 1-yr maturity government bonds denominated in RON
R2804A – for the 3-yrs maturity government bonds denominated in RON
R3004A – for the 5-yrs maturity government bonds denominated in RON
R2704AE – for the 2-yrs maturity government bonds denominated in EUR
R3204AE – for 7-yrs maturity government bonds denominated in EUR.
17.04.2025 / Editor, Andreea Dragan
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