Bond issue for Romanians is already oversubscribed two times

The bonds offer from the Ministry of Public Finance valued at RON 100 million was already over subscribed in the first two days, with the government announcing the extension of the auction with supplementary bonds.

The number of buyers amounted to 3,425 individuals by Tuesday, almost three times more than the total registered number of buyers of the last year’s offer (1,326 individuals).
„The impressive success is due firstly to the great number of individuals who bought bonds. The announced target, RON 100 million will be supplemented according to the demand. The most important thing is to reward the individuals investors’ trust in the Romanian state,” said the minister of Public Finance, Anca Dragu.

The offer is active during the period July 11-29 and has an interest rate of 2.15 percent per year. The bonds have the maturity date in 2018 and have a nominal value of RON 100. A person can acquire a maximum of 1,000 bonds, meaning RON 100,000.

The bonds can be acquired without costs from the intermediary banks BCR, BRD, Raiffeisen Bank, Banca Transilvania. The generated revenues from the ownership of the bonds are not taxed.

Georgiana Bendre

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