Business Forum • 17 November, 2025 at 2:35 PM
Romania's tenth Fidelis government bond issuance of 2025 attracted subscriptions worth over RON 1.3 billion lei (€260 million) during its seven-day offering period from November 7-14, demonstrating continued strong investor interest in this savings instrument.
The offering received 13,864 subscription orders with total investments of RON 477.60 million and €164.71 million (equivalent to RON 823.55 million). The special tranche dedicated to blood donors again recorded notable participation, attracting RON 88.87 million through 2,015 subscription orders at a 7.95% annual interest rate. These investors also benefited from a reduced minimum subscription threshold, lowered from RON 5,000 to just RON 500.
Significant demand was registered for the 2-year maturity in lei (6.95% interest) with subscriptions of RON 231.66 million lei, and the 6-year maturity in lei (7.70% interest), which attracted RON 121.96 million. Euro-denominated issues also drew solid interest, particularly the 10-year maturity (6.00% interest), where €71.10 million were subscribed.
Since the launch of the Fidelis programme, total investments attracted have reached over RON 60.62 billion through 492,864 subscriptions. The contribution from donor-investors since the partnership with Rock FM began has exceeded RON 3.84 billion.
The Fidelis programme targets individuals aged over 18, both resident and non-resident. Income from both interest and capital gains from trading the securities is tax-exempt. The intermediation syndicate included BT Capital Partners & Banca Transilvania, BCR, BRD, Unicredit and Tradeville in partnership with Libra Bank.