Romania raises RON 1.65 billion from Fidelis bond sale in July

Business Forum

17 July, 2025 at 4:04 PM

The Ministry of Finance raised RON 1.65 billion (€326 million) in July through its sixth offering of Fidelis government bonds this year on the Bucharest Stock Exchange (BVB).

This latest bond issuance, which started trading on the BVB on Thursday, saw the Ministry attract RON 681.3 million and €192 million from retail investors.

Alexandru Nazare, Minister of Finance, stated: "We are pleased that the interest in Fidelis government bonds remains high, with a number of subscriptions that, up to date, has exceeded the total number of operations for the entire year 2024. It is a confirmation of investors' confidence in this instrument and the increasing attractiveness of the Romanian capital market.”

“Out of the nearly 250,000 investors in the capital market, over 55,000 investors held only Fidelis government bonds in their portfolio at the end of March,” added Remus Vulpescu, BVB's CEO.

Since its launch in August 2020, the Fidelis program has attracted RON 53.3 billion (€10.8 billion) from retail investors, with RON 12.3 billion (€2.5 billion) raised in 2025 alone.

The bond sale was carried out by the syndicate formed by BT Capital Partners (Lead Manager), Alpha Bank Romania, BCR, BRD - Groupe Societe Generale and TradeVille (Intermediaries) and BT, Libra Internet Bank (Distribution Group).

The next Fidelis government bond offering is anticipated to commence in the first decade of August.

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