Finance Ministry draws over 1.9 billion lei through Fidelis government bonds in April

The Finance Ministry (MF) drew 874.5 million lei and, respectively, 207 million euros in April, totalling over 1.9 billion lei (378.7 million euros), through the fourth primary offer for the sale of government bonds to the population (Fidelis), carried out this year via the Bucharest Stock Exchange (BVB) systems, according to a press release.

This is the highest amount raised this way so far this year.

The Fidelis government bonds issued in April debuted for trading on Monday on the Bucharest Stock Exchange.

The next Fidelis government bond sale offer is estimated to begin in the first ten days of May. Through the 35 offers conducted since August 2020, the Finance Ministry has drawn nearly 68 billion lei (13.7 billion euros) from the population, of which almost 6 billion lei (1.2 billion euros) represents issues carried out this year alone.

The primary offer for the sale of Fidelis government bonds took place between 14 and 21 April and was intermediated by the syndicate formed by BT Capital Partners (Lead Manager), Banca Comerciala Romana, BRD – Groupe Societe Generale, TradeVille and UniCredit Bank (intermediation syndicate), as well as Banca Transilvania and Libra Internet Bank (distribution group).

Within this offer, Romanians placed nearly 22,000 subscription orders for both lei-denominated and euro-denominated government bonds.

The press release shows that income obtained from both interest and capital gains is not taxable. The Fidelis government bond issue was open to resident and non-resident individuals aged over 18 up to and including the closing date of the offer.