Finance Ministry issues Centenary state bonds with raffle for buyers

Aurel Dragan 26/11/2018 | 12:22

The third issuance of state bonds for the population was launched today by the Public Finance Ministry. The issuer did not announce a purchase limit, but in order to attract more people it will organize a raffle for buyers with prizes worth RON 5,000 for 1,000 participants.

The issuance is done for the celebration of Romania’s Centenary and the titles can be purchased until December 14, according to a press release issued by the Ministry. The nominal value of a government bond is RON 1, with a 2-year maturity and a 4.5 percent interest rate, and related incomes are non-taxable.

Titles may be purchased by resident individuals who have reached the age of 18 on the date of the subscription, including those who have participated in previous broadcasts. The interest is annual, payable at the terms of the issue prospectus.

The titles can be purchased between November 26 and December 14, 2018, from the State Treasury’s operational units, and between November 26 and December 13, 2018, through the network of post offices of the Romanian Post Company, in the urban area, and between November 26 to December 12, 2018 in rural areas.

The maximum subscription for each investor is RON 200,000 for subscriptions made through the State Treasury’s operational units and RON 200,000 for subscriptions made through the postal sub-units of the Romanian Post Office.

During the subscription period, investors may request the cancellation of the subscribed amount by filing a cancellation request. Upon completion, subscriptions are irrevocable and can no longer be cancelled.

In case of death, the ownership of government securities is transferred to the heirs, who present the legal documents certifying their quality as heirs.

After the subscription period, MFP will hold a raffle for all investors in the Thesaurus – Centenary Edition program. Thus, 1,000 selected investors will receive an interest bonus of RON 5,000, which will be awarded in the period immediately following the declaration of the winners.

The list of winners of the interest bonus will be published on the MFP website, without personal details, but only to indicative the winners.

Winners of the interest bonus will be notified by the MFP and a deadline will be set for the withdrawal of the prize from a State Treasury unit, including those who have subscribed through a post office of the Romanian Post Office.

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