Romania can invest in new Tezaur T-bills with maturities of 1, 3 and 5 years, and annual tax-exempt interests of 5.8pct, 6.6pct and 7pct, respectively, informs the Ministry of Finance (MF), informs Agerpres.
Starting the beginning of this year, 242,000 persons chose to invest more than RON 10.5 billion in 9 issues.
"The interest is annual, payable at the deadlines established through the issue prospectus. Moreover, the T-bills issued within the Tezaur Programme are transferable and they can be repaid in advance. Also, the investor is free to conduct one or more subscriptions within the same issue. Investors have the possibility of canceling subscriptions already concluded only during the subscription period, by submitting an application in this respect," shows the MF press release.
According to the same source, the eligible persons must be at least 18 years old at the date of the subscription.
"The funds obtained by the Ministry of Finance as issuer, following the T-bills issue, will be used to finance budget deficit and refinance public debt. The issue prospectus and the possible modifications are published in the Public Debt section www.posta-romana.ro," said the MF in the same press release.
Comentează