Business Forum • 19 February, 2026 at 12:00 PM
Romania's Ministry of Finance has listed government bonds worth over €200 million from its second Fidelis issuance of 2026 on the Bucharest Stock Exchange (BVB).
The bonds, issued between 6-13 February, raised over RON 1.013 billion through 12,103 subscription orders.
During the offering period, investors placed orders totalling RON 378.52 million and €124.49 million, confirming confidence in the state's ability to provide secure savings instruments.
The special tranche for blood donors, with a 2-year maturity and 7.15% interest rate, attracted RON 66.69 million through 1,781 orders. Investors benefited from a reduced minimum subscription threshold of RON 500.
For standard lei-denominated issues, the 2-year maturity (6.15% interest) recorded subscriptions worth RON 170.26 million through 2,187 orders. The 4-year maturity (6.75% interest) totalled 27.31 million lei via 475 orders, while 6-year bonds (7.25% interest) attracted RON 114.24 million through 1,919 orders.
Euro-denominated instruments included 3, 5 and 10-year maturities. The 3-year bonds (3.60% interest) registered €25.47 million in subscriptions through 1,185 orders, while 5-year bonds (4.50% interest) accumulated €13.47 million through 855 orders. The 10-year maturity (6% interest) attracted €85.54 million through 3,701 orders, demonstrating high investor confidence in Romania's long-term stability. Since the Fidelis programme launch, total investments have reached nearly RON 65 billion through 536,202 subscriptions.