Population can purchase state bonds at 2.15pct interest rate per annum

The Ministry of Public Finance (MFP) launched government bonds with a nominal value of RON 100 that can be purchased by the population between July 11-29, 2016.  The bonds have a maturity of two years and an interest rate of 2.15 percent per annum.  

“The interest rate is set at 2.15 percent per annum, Minister of Public Finance Anca Dragu announced on Thursday, adding that “we believe that it is an attractive interest rate for savings.” “Everyone over 18 has access to these bonds, regardless of whether they are residents or not, the nominal value is of RON 100 and we have set an upper limit of RON 100,000 for individuals,” Dragu stated at a press conference.

Those interested in purchasing bonds can do so at the counter of four banks participating in the sales, namely BCR, BRD, Raiffeisen Bank and Banca Transilvania by showing their IDs. The bonds can be purchased using cash or via bank transfer. The total value of the bonds issued is RON 100 million, however, after the subscription period, MFP will set the amount that is to be contracted, which can be bigger, equal or smaller than the one announced initially, depending on the volume of bonds subscribed.

The state bonds will be admitted and later traded on the Bucharest Stock Exchange (BVB). The price of the bonds can vary on the stock exchange, depending on the market conditions. Moreover, the MFP announced that bond holders can participate in a lottery after bonds reach maturity. The 100 selected winners will receive RON 1,000 each.

The MFP issued state bonds for the population in June 2015, for the first time in ten years.

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