Finance Ministry issues new government bonds for population with up to 5 pct. interest

Aurel Dragan 03/06/2019 | 10:47

The Ministry of Finance is launching new issues of government securities for the population under the Treasury Program, with interest ranging between 3.50 percent per annum and 5 percent per annum differentiated by maturity.

According to the Issue Prospectus published in the Official Gazette, the nominal value of one title is RON 1. For interest-bearing securities at one year the interest rate is 3.50 percent, for the two-year maturity interest rises to 4 percent, for the 3 years is 4.5 percent and for the 5-year is 5 percent.

Subscriptions can be made until June 28, 2019 via the postal office units of the Posta Romana network and through the Treasury.

In the urban area, subscriptions made through the Romanian Post network end one day earlier and in rural areas two days earlier.

Revenue earned by individuals in the subscription and holding of government securities is not taxed. The funds obtained under these programs will be used to finance the budget deficit and refinance public debt.