Ministry of Finance launches eighth Fidelis bond offering of 2025

Business Forum
The Ministry of Finance is conducting its eighth public offering of Fidelis government bonds on the BVB, running between September 5 - 12.

This marks the 28th offering since the program was restarted in July 2020. Since then, the Ministry has raised RON 54.9 billion (€10.9 billion) from individual investors through the previous offerings.

This new IPO features eight issues, with four issues denominated in RON and four in EUR. Two of these tranches are exclusively for blood donors.

Subscriptions can be made through a consortium of intermediaries, which includes BT Capital Partners (Lead Manager), BCR, BRD, TradeVille and UniCredit Bank (Intermediaries), and BT, Libra Internet Bank (Distribution Group). 

The bonds are estimated to be admitted to trading on September 18.

The income generated from these bonds, including both interest and capital gains, is non-taxable.

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Business Forum  |  22 April, 2026 at 6:45 PM
Business Forum  |  22 April, 2026 at 6:00 PM