New government bonds worth €270 million start BVB trading

Business Forum
The Fidelis government bonds, issued in April by the Ministry of Finance, started trading on the Bucharest Stock Exchange (BVB) on Thursday.

This offering, the third of its kind this year, has seen the Ministry of Finance attract approximately RON 838 million and €101 million, totaling over RON 1.3 billion (€ 269.7 million).

The bonds were made available to retail investors through six distinct issues. Romanians showed strong interest in this investment opportunity, placing 16,432 subscription orders during the offer period.

The primary offering was facilitated by a syndicate that included BT Capital Partners as Lead Manager, along with Alpha Bank Romania, Banca Comerciala Romana, BRD Groupe Societe Generale, and TradeVille as Intermediaries, and Banca Transilvania and Libra Internet Bank as part of the Distribution Group.

This offering is part of a broader initiative by the Ministry of Finance, which has successfully attracted nearly RON 48.8 billion (€9.9 billion) from retail investors through 23 offers since August 2020. The next Fidelis government bond offering is anticipated to begin in early May.

Investors in Fidelis government bonds benefit from non-taxable income, including interest and capital gains. Both resident and non-resident individuals over the age of 18 were eligible to invest in this issuance. Bondholders have the option to hold their bonds until maturity or trade them on the BVB through authorized intermediaries.

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