Romania sold almost €10 billion in bonds to retail investors since 2020

Business Forum
The Romanian government has attracted almost RON 47.5 billion (EUR 9.6 billion) from retail investors through the 22 offers held since August 2020.  

The Ministry of Finance has successfully attracted over RON 2.2 billion in its March offering of Fidelis government bonds. This amount includes over RON 1.4 billion and EUR 168 million raised through six issues of government bonds for retail investors. 

The second primary offering for retail investors this year was facilitated through the Bucharest Stock Exchange (BVB).

The Fidelis government bonds issued in March have commenced trading on the BVB as of March 20. Looking ahead, the Ministry of Finance plans to launch the next Fidelis government bond offering in the first ten days of April.

Tanczos Barna, Deputy Prime Minister and Minister of Finance, said: "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."

The primary offer for the 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 10 eligible participants.    

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Business Forum  |  11 March, 2026 at 4:00 PM
Business Forum  |  11 March, 2026 at 3:05 PM