Business Forum • 15 January, 2026 at 4:28 PM
Romania's Ministry of Finance will conduct its first public offering of Fidelis government bonds for 2026 between January 16 and 23 on the Bucharest Stock Exchange. This marks the 32nd offering since the Fidelis program resumed in July 2020.
The IPO includes seven bond issues - three denominated in euros and four in Romanian lei.
Through the previous 31 offerings, the Ministry of Finance has attracted over RON 62 billion (€12.5 billion) from individual investors. "The admission to trading is estimated on January 29," according to the announcement.
The bonds can be purchased through an intermediary consortium led by BT Capital Partners, with BCR, BRD - Groupe Societe Generale, TradeVille and UniCredit Bank serving as intermediaries. BT and Libra Internet Bank form the distribution group.
Income from Fidelis government bond investments, including both interest and capital gains, remains tax-free for investors. The offering continues Romania's efforts to attract retail investment in government securities through the domestic capital market.