Romania attracts RON 2.2 billion via Fidelis bonds

Business Forum
The Ministry of Finance has raised almost RON 2.2 billion (approx. €435 million) from investors on the BVB in September, through the eighth offering of Fidelis government bonds this year, which started trading on the stock exchange on September 18.

The total amount raised was divided between RON 813.5 million (around €161 million) and €267.7 million. This latest round of bonds attracted nearly 19,500 subscription orders from both Romanian and international investors.

Since August 2020, the Ministry of Finance has attracted a total of RON 57 billion ( €11.3 billion) from retail investors through 28 offerings. This year alone, the amount raised has reached RON 16 billion (around €3.2 billion). The primary offering took place from September 5 - 12 through the Bucharest Stock Exchange's system. 

The syndicate of intermediaries included BT Capital Partners (Lead Manager), BCR, BRD, TradeVille, and UniCredit Bank, with BT and Libra Internet Bank as part of the distribution group.

The next Fidelis government bond offering is expected to start in the first decade of October. All income from these bonds, including interest and capital gains, is non-taxable.

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