The Ministry of Finance has achieved a significant milestone by securing over RON 3.2 billion (EUR 650 million) through the latest issuance of Fidelis government bonds, marking the largest public offering in the program’s history. The offering, held in August 2024, attracted RON 1.7 billion and EUR 311 million from retail investors, setting a new record in the Fidelis program since its launch.

This milestone represents a substantial increase in investor participation, with over 20,300 subscription orders placed, surpassing the previous record and making it the first time the threshold of 20,000 orders has been exceeded. Blood donors, a key demographic for the Fidelis program, purchased bonds worth RON 202 million at an interest rate of 6.8% per annum.

Since the Fidelis program began in August 2020, the Ministry of Finance has successfully raised almost RON 35 billion (EUR 7.1 billion) from retail investors, reinforcing the program’s importance in the government’s financing strategy. The 2024 August edition alone contributed significantly to this figure, highlighting the ongoing trust of investors in Romania’s economic stability.

Marcel Boloș, the Minister of Finance, emphasized the program’s success in integrating retail investments into the capital market, noting that over 230,000 subscriptions have been recorded since the program’s inception. He also pointed out the introduction of a five-year maturity option in this issuance, offering long-term, low-risk investment opportunities.

The offering was facilitated by a syndicate led by BT Capital Partners and Banca Transilvania, with additional support from Alpha Bank Romania, Banca Comercială Română, and BRD – Groupe Société Générale. The bonds were also made available through 11 eligible participants.

The continued success of the Fidelis program underscores its role as a crucial tool for retail investors, providing an attractive and stable investment option in a volatile economic environment. It also highlights the Romanian government’s ability to attract significant investment, crucial for funding national projects and supporting the state budget.

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