Ministry of Finance offers new Fidelis bonds for retail investors

Business Forum
The Romanian Ministry of Finance is conducting a new IPO for Fidelis government bonds, specifically for retail investors. Subscriptions are open between August 1-8, and can be made through a consortium of intermediaries authorized by the Financial Supervisory Authority.

This marks the seventh Fidelis offering in 2025 and the 27th since the program's relaunch in July 2020. Through the previous offerings, the Ministry of Finance has attracted in total RON 53.3 billion (€10.8 billion) from individual investors.

This new IPO includes eight issues, four in RON and four in EUR. For the first time ever, the Ministry of Finance is launching Fidelis government bonds denominated in EUR with a 10-year maturity. Two of the tranches are dedicated to blood donors.

The intermediary consortium comprises BT Capital Partners (Lead Manager), Alpha Bank Romania, BCR, BRD - Groupe Societe Generale, and TradeVille (Intermediaries), with BT and Libra Internet Bank as part of the Distribution Group.

Admission to trading for the new government bonds on the BVB is estimated for August 14. A key benefit of investing in Fidelis government bonds is that the income, from both interest and capital gains, is non-taxable.

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Business Forum  |  8 June, 2026 at 2:00 PM
Business Forum  |  8 June, 2026 at 1:00 PM