The Ministry of Finance (MF) attracted 552.3 million RON and 195 million euros (values totaling 1.53 billion RON – over 305 million euros), through the seventh primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.
“The results so far confirm that FIDELIS government bonds remain a safe and attractive savings instrument, with 17,293 subscription orders, making Romanians investors in the state. Over 1.5 billion lei were invested in just a few days, which shows not only the trust in the Romanian state, but also the increased interest in medium and long-term financial planning. We are pleased to see that the tranche dedicated to blood donors continues to attract significant participation – proof that solidarity and investment can go hand in hand. It is also worth noting the very high interest in the premiere of this edition, the longest maturity, 10 years in EUR, almost a third of the demand being for this tranche. This denotes trust and underlines once again the fact that Fidelis has become a brand, a very handy instrument, which can be traded on the market, under transparent price conditions, attracting interest even for long maturities“, stated Alexandru Nazare, Minister of Finance.
“Through the Fidelis government bond sales offers, more and more Romanians are taking their first step into investments and are beginning to get to know the capital market better. The Fidelis program has been successful in each edition, since its resumption in 2020 and to date, with a total value attracted of RON 54.9 billion, which shows a solid and lasting partnership between the Romanian state and capital market actors. Together, we continue this collaboration aimed at providing Romanians with access to an easy method of obtaining advantageous interest rates for their savings. Moreover, purchasing Fidelis government bonds proves to be an excellent start for retail investors, who become more curious, do their research and choose other investment methods on the Bucharest Stock Exchange,” mentioned Radu Hanga, President of the Board of Directors of BVB.
“In the first half of August, there were over 17,000 subscription orders. The safety and yield of Fidelis government bonds issued by the Ministry of Finance and traded on the BVB can contribute to combating the effects of inflation, and the liquidity in the secondary market ensures investors access to money whenever they want. As they get used to the capital market, investors discover financial instruments with higher potential returns and with a profile more rigorously adapted to each person’s preferences – stocks, bonds and other investment products – in this ecosystem where education and attention can provide well-being and financial independence”, specified Remus Vulpescu, General Manager of the BVB”, stated Remus Vulpescu, CEO of the Bucharest Stock Exchange.
The primary offer for sale of Fidelis government bonds was carried out by the syndicate formed by BT Capital Partners (Lead Manager), Alpha Bank Romania, Banca Comerciala Romana, BRD – Groupe Societe Generale and TradeVille (Intermediaries) and Banca Transilvania, Libra Internet Bank (Distribution Group).