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The Ministry of Public Finance (MFP) is launching a new programme that will enable all interested individuals to purchase government bonds directly through the State Treasury, without commissions, reads a MFP press release issued on Friday to Agerpres.
At the same time, the revenues obtained from the bonds issued by the Romanian state, through the Ministry of Public Finance, will be non-taxable, according to the current provisions of the Fiscal Code. The representatives of the Finance Ministry announced on August 30 that a new issue of FIDELIS government securities for the population would be launched in September, and a new instrument, namely treasury certificates, would be launched in October.
The state securities issued by MFP under the ?Fidelis Centennial' programme were launched for trading last year on August 5. "The MFP has drawn 735 million lei through the issuance of government bonds, seven times more than the initial offering of 100 million lei. During the three weeks of the offering, 20,185 individuals bought government securities, 16 times more than last year," informed the Bucharest Stock Exchange (BVB) at that time.
The price of a government bond is determined by the BVB system, based on demand and supply, depending on market conditions. The price is expressed as a percentage of the nominal value and may be higher or lower than the initial value of 100 per cent, equivalent to the nominal value of 100 lei. On August 4, 2017 the MFP paid to investors the first annual interest rate for FIDELIS bonds, worth 2.15 lei per bond.
