Romania raises €379 million through April Fidelis bond sale

Business Forum
The Ministry of Finance raised over RON1.9 billion (€379 million) through its fourth Fidelis government bond offering this year, marking the highest value raised in 2026.

The bonds, which started trading on BVB on April 27, attracted almost 22,000 subscription orders from Romanian investors during the April 14-21 offering period. The issuance included both lei-denominated and euro-denominated government bonds with varying maturities from two to ten years.

The offer was intermediated by a syndicate formed by BT Capital Partners as Lead Manager, along with Banca Comerciala Romana, BRD - Groupe Societe Generale, TradeVille and UniCredit Bank as intermediaries. Banca Transilvania and Libra Internet Bank served as the distribution group.

Since launching in August 2020, the Fidelis program has attracted almost RON 68 billion (€13.7 billion) from retail investors across 35 offerings. This year alone, the ministry has raised nearly RON 6 billion (€1.2 billion) through the program.

The next Fidelis government bond offering is expected to begin in the first week of May. Income from these bonds, including both interest and capital gains, remains non-taxable for investors.

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