The Ministry of Finance will launch a new FIDELIS issuance of government bonds for the population on August 8

The Ministry of Finance will launch a new FIDELIS issuance of government bonds for the population on Thursday, August 8, maintaining special benefits for blood donors, according to an official statement.

“From August 8 to 20, 2024, the Ministry of Finance, together with ‘Morning Glory with Răzvan Exarhu’ from Rock FM and with the support of the Bucharest Blood Transfusion Center, will launch the fourth edition of the FIDELIS government bond program this year. In this edition as well, blood donors are the main beneficiaries of the most advantageous interest rate,” the statement reads.

The tranche dedicated to blood donors will apply to government bonds issued in lei, with a one-year maturity, offering an interest rate of 6.80%. Additionally, donors benefit from a significant reduction in the minimum subscription threshold, from 5,000 lei to 500 lei. To qualify for these conditions, individuals must provide proof of blood donation starting from March 1, 2024.

“We are pleased to launch a new Fidelis issuance, which has become one of the preferred investment instruments for Romanians. Since January 2024, we have recorded over 47,500 subscriptions and investments exceeding 7,160,000 lei. We continue to offer special conditions for blood donors, contributing to the ‘Romania has rockers’ blood, now also investors’ campaign. Romania has seen a more than 20% increase in the number of donors in the first half of 2024,” said Finance Minister Marcel Boloș in the statement.

Resident and non-resident individuals over the age of 18 can subscribe to FIDELIS government bonds denominated in lei and euros through partner banks: BT Capital Partners & Banca Transilvania, Banca Comercială Română, BRD – Groupe Societe Generale, and Alpha Bank. These bonds are listed on the Bucharest Stock Exchange.

The fourth edition of the FIDELIS program will include government bonds in lei, with maturities of 1 year and 5 years, with annual interest rates of 5.80% and 7%, respectively, as well as government bonds in euros, with maturities of 1 year and 5 years, with annual interest rates of 4% and 5%, respectively.

The nominal value of a FIDELIS government bond is 100 lei for the lei issuance and 100 euros for the euro issuance, with a minimum subscription threshold of 5,000 lei and 1,000 euros, respectively.

There are no subscription fees charged by intermediary banks for FIDELIS government bonds, and the income obtained, both from interest and capital gains, is tax-exempt. Additionally, there is the possibility to sell the bonds before maturity, receiving the interest corresponding to the holding period.