The Ministry of Finance (MF) raised almost 1.2 billion lei (231 million euros) through the third Fidelis government bond issue of the year, conducted in March, with the bonds starting trading on Thursday on the Bucharest Stock Exchange (BVB).
According to a BVB press release, the Ministry of Finance raised 534 million lei and 126 million euros (totalling 1.17 billion lei - 231 million euros) through the third primary offer of government bonds for the public (Fidelis) carried out this year via the BVB trading systems.
The offer ran from March 6-13 and was intermediated by a syndicate composed of 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).
During this offer, Romanians placed nearly 14,700 subscription orders for both lei-denominated and euro-denominated government bonds.
Income from both interest and capital gains is not subject to taxation.
The next Fidelis government bond offer is expected to begin in the first ten days of April.
Through the 34 offers conducted since August 2020, the Ministry of Finance has raised over 66 billion lei (13.3 billion euros) from the public, the press release states.
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