Starting on July 8, Romanians can buy Tezaur retail government bonds with maturities of 1 and 3 years and paying annual interest rates of 6% and 6.85%, respectively, the Finance Ministry announced.
Government securities can be purchased between July 8 and August 8 online, only by individuals who are registered in the private virtual space for securities issued through the State Treasury outlets. Between July 8 and August 8, the government bonds can be purchased from the State Treasury outlets, and from post offices between July 8 and August 7 in rural areas.
The interest is annual, payable at the due dates provided for in the issue prospectus. Also, the government bonds issued under the Tezaur Program are transferable and can be redeemed in advance. An investor can make one or more subscriptions within an issue. Investors have the possibility to cancel subscriptions already made only during the subscription period, by submitting an application.
Eligible for the purchase of the Teazaur bonds are individuals who are 18 on the date of subscription. The income derived from investing in the bonds issued by the Ministry of Finance is tax exempt.
The funds raised by the Ministry of Finance as the issuer of the Tezaur government bonds will be used for government deficit financing and public debt refinancing.
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