Finance Ministry: Treasury bonds will be issued quarterly, bond value to RON 1

The treasury bonds will be issued quarterly, a bond value will be RON 1 and the individuals who will buy them will need active treasury accounts, according to a release of the Public Finance Ministry (MFP).

“MFP reminds that it launches a new public debt instrument- the saving alternative for individuals. Thus, the Treasury program will offer the possibility to all interested individuals to acquire state bonds directly through the State Treasury, without commissions and with an attractive interest. Unlike the Fidelis program, the treasury bonds will be issued quarterly, based on some issuing opportunities, offering individuals a saving instrument with a maturity of one year. Thus, any individual will have the possibility of a frequent state bonds underwriting on a wider maturity period. Moreover, aiming the wider access facility, the state bond value will be RON 1, unlike the value of RON 100 of the last state bonds issued through Fidelis program,” says the release.

At the same time, another benefit of the new program is that unlike the previous issues made through the Treasury, the new ones will be issued on non-material form, so in order to buy these bonds, individuals will have to open treasury accounts.

The bonds will be issued within the operating units of the State Treasury. The revenues obtained from the states bonds will be non-taxable, according to the current norms from Fiscal Code.