Important moment for all Romanians who gave money to the state. Fidelis, another listing on the Stock Exchange.

"The FIDELIS program continues with the same appetite for the instruments launched monthly by the Ministry of Finance, being the third best edition out of the five launched this year. The expansion of the maturity offer in the June edition supports investors to diversify their investment portfolio, in the context of the latest developments in the market, both at national and global level. At the same time, we are pleased that, through the special tranches for blood donors, we manage to attract new investors both in the capital market and in the important social initiative of the Romanian state. We trust FIDELIS investors and our partners and will continue to offer optimal conditions for Romanians and support the development of the capital market", declared Tanczos Barna, Deputy Prime Minister, Minister of Finance.

Over 17,600 Romanians bought shares in the last Fidelis issue.

"Fidelis government bonds represent an important pillar in the sustainable development of the Romanian capital market. Through these recurring issues and their listing on the Bucharest Stock Exchange, the Ministry of Finance offers not only a modern and safe alternative for saving for the population, but also a clear signal that the capital market is a strategic financing channel for the state. Fidelis contributes to broadening the investor base, increasing liquidity and promoting a solid investment culture, in a transparent and accessible environment, and we congratulate the Ministry of Finance, the brokerage syndicate and the partner RockFM for this success", declared Radu Hanga, Chairman of the Board of Directors of BVB.

"The role of the Stock Exchange is to create bridges between capital and opportunities. And Fidelis is a concrete example of efficient collaboration between the public and financial sectors, for the benefit of the Romanian economy and the citizens who choose to invest. This initiative strengthens the link between the State and the capital market, transforming the relationship between the citizen and public finances into a more direct, more responsible and more future-oriented one. We are glad that the Bucharest Stock Exchange plays an active role in this process and we will continue to support the steps that bring the real economy and investors closer to each other", stated Adrian Tănase, General Manager of BVB.

The primary sale offer of Fidelis government bonds was brokered by the syndicate formed by The consortium consists of BT Capital Partners (Lead Manager), Alpha Bank Romania, Romanian Commercial Bank, BRD – Groupe Societe Generale and TradeVille (Intermediation Syndicate) and  Transylvania Bank, Libra Internet Bank (Distribution group).

"With each Fidelis issue, we observe a growing interest from individual investors for long-term financial planning and investment diversification. The extended maturities and attractive yield curve contribute to the development of a healthy relationship with money - a relationship that starts from a clearer understanding of the risk profile and an increase in the degree of financial education. At the same time, the constant flow of investors reflects confidence in the market and in the value of recurring issues. And BCR continues to support this trend through transparency, relevant information and solutions adapted to clients and their investment portfolios", declared Andrei Ionuț Popescu, Executive Director of BCR Financial Markets.

Within this offer, carried out between June 6 and 16, Romanians placed over 17,600 subscription orders, both for government securities denominated in lei and those in euros.

Useful information about FIDELIS government bonds – questions and answers

Where can I find the titles I bought in the offer? 

If they were subscribed through a bank or brokerage company, without signing a financial investment services contract, the government securities are registered in the records of the Central Depository in the name of the holder. If the government securities were purchased under a financial investment services contract, through a bank or brokerage company authorized to trade on the Bucharest Stock Exchange, the government securities are in the holder's trading account.

What do I do with government bonds?

These can be held until maturity or holders can sell them or buy others during any trading session at the BVB, through one of the intermediaries authorized (bank or brokerage company) to trade at the BVB.

If holders wish to keep their government bonds, they have two options:

• They will receive interest annually, and upon maturity, the principal will be returned to them in a bank account submitted to the Central Depository, if the subscription was made through a bank or brokerage company, without signing a financial investment services contract.
• They can open a trading account at a bank or brokerage company, by signing a financial investment services contract and can transfer the government securities from the Central Depository to this trading account. In this case, the holders will have the government securities in the investment account where they will receive the annual coupon, and at maturity the principal will be returned to them.

How can I sell or buy government bonds after the offer has ended?

Transactions on the BVB take place between buyers and sellers via the trading platform. In order to buy or sell, investors must have a trading account with a bank or brokerage firm. The list of intermediaries authorized to trade on the BVB is available HERE.

Source https://www.economica.net/