Romania\u2019s Ministry of Finance launched a new edition of the TEZAUR bond program on Monday, October 5, set to run until November 6, with maturities of 1, 3, and 5 years and annual interest rates of 6.50%, 7%, and 7.50%.<\/p>\n
The funds obtained will be used to finance the budget deficit and refinance public debt.<\/p>\n
The government securities can be purchased through the Ghi\u0219eul.ro platform, and online, only by individuals who are registered in SPV for securities launched through the units of the State Treasury.<\/p>\n
The securities can also be purchased from the premises of State Treasury units, and through the postal subunits of the Romanian Post.<\/p>\n
As usual, income obtained from investing in government securities is tax-free, while interest is paid annually on the payment dates provided in the issuance prospectus. Government securities issued under the TEZAUR Program are also transferable and can be redeemed early.<\/p>\n
The Ministry of Finance pointed out in the press release that an investor has the freedom to make one or more subscriptions within an issue. Investors may cancel subscriptions already made only during the subscription period by submitting a request.<\/p>\n
The Romanian and international bond markets are currently under pressure from significant sell-offs in the US bond market, where 10-year Treasury securities have reached yields at 24-year highs of over 5%.<\/p>\n
As a result, the government\u2019s other bond program, with tradable Fidelis bonds, saw a drop in subscriptions and sell-offs as investors flocked to safer bonds or preferred to stock up on cash.<\/p>","protected":false},"excerpt":{"rendered":"
Romania\u2019s Ministry of Finance launched a new edition of the TEZAUR bond program on Monday, October 5, set to run until November 6, with maturities of 1, 3, and 5 years and annual interest rates of 6.50%, 7%, and 7.50%. The funds obtained will be used to finance the budget deficit and refinance public debt. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12304","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/12304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12304"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/12304\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}