Tezaur t-bonds paying tax-free interest rates of up to 7pct p.a. available for investment

Autor: Meilă Emilia-Alexandra

Publicat: 07-10-2024

Actualizat: 07-10-2024

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Sursă foto: G4Media.ro

Romanians can invest, starting Monday, October 7, in new Tezaur t-bonds with maturities of one, three and five years and annual interest rates of 5.85%, 6.60%, and 7% respectively, according to the Ministry of Finance, informs Agerpres.

 

The results of the previous editions are said to confirm both the interest and confidence of Romanians in the Tezaur treasury bond programme and the success of this program, given that in the 10 issues carried out since the beginning of 2024, over 240,000 people have already invested more than RON 12 billion.

 

The bonds can be purchased online, between October 7, 2024 and October 31, 2024, only by individuals who are registered in the SPV for securities released through the offices of the State Treasury.

 

The operations that can be carried out online are: opening a subscription account in the investor's name at a selected unit of the State Treasury; subscribing Tezaur securities; transferring the amounts from the investor's subscription account to a bank account, another subscription account or a junior account.

 

Also, the securities can be purchased at the headquarters of the State Treasury outlets, throughout the subscription period, between October 7, 2024 - November 1, 2024; at the Posta Romana post offices as follows: between October 7, 2024 - October 31, 2024, in the urban area; between October 7, 2024 - October 30, 2024, in rural areas.

 

According to the Ministry of Finance, the income earned from investing in the Tezaur bonds is non-taxable. The interest is annual, payable as scheduled in the issuance prospectus. Also, they are transferable and can be redeemed in advance. In addition, an investor is free to make one or more subscriptions in an issue. Investors have the possibility to cancel subscriptions already made only during the subscription period, by submitting a request.

 

Eligible for the purchase of the Tezaur bonds are individuals who are 18 on the date of subscription.

 

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 (EUR 1 = RON 4.97).

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