- This new IPO includes five issues, in EUR and RON, out of which one is dedicated to blood donors.
- The bonds dedicated to blood donors are denominated in RON, have a maturity of 1 year and an interest rate of 7% p.a.
- The offer is carried out between 18 and 28 of June, and the estimated date of the listing of Fidelis securities on the local stock exchange is July 4.
The Ministry of Finance (MF) carries out between 18th and 28th of June a new public offering for Fidelis government bonds dedicated to the population. It is the third offer carried out at the Bucharest Stock Exchange (BVB) since the beginning of this year and the 17th since the resumption of the FIDELIS program in July 2020. Through the previous 16 offers, the Ministry of Finance attracted from the population almost RON 29.5 bn (EUR 6 bn).
This new IPO includes five issues, in RON and EUR, out of which one is dedicated to blood donors. The bonds dedicated to blood donors are denominated in RON, have a maturity of 1 year and an interest rate of 7% p.a. On the donors' tranche, orders can only be placed by investors who have donated blood starting with January 1st, 2024, and/or who donate during the Fidelis government bond offering, until June 28th. The Ministry of Finance will issue, also, two other issues in RON, with maturities of 1 year and 3 years and interest rates of 6% p.a. and 6.85% p.a., and two in EUR, with maturities of 1 year and 5 years, respectively, and interest rates of 4% p.a. and 5% p.a.
Resident and non-resident individuals over the age of 18 years can subscribe Fidelis government bonds denominated in RON and EUR within the public sale offer carried out on Bucharest Stock Exchange, through the intermediary consortium or intermediaries authorized by Financial Supervisory Authority who have signed an undertaking to comply with the conditions of the offer and the provisions of the prospectus and have sent the undertaking to the Lead Manager. The consortium is composed by Alpha Bank Romania, BT Capital Partners & Banca Transilvania, Banca Comerciala Romana, BRD - Groupe Societe Generale.
The details are available in the table below:
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Criteria
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RON issue for blood donors, with maturity in July 2025
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RON issue with maturity in July 2025
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RON issue with maturity in July 2027
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EUR issue with maturity in July 2025
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EUR issue with maturity in July 2029
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|
ISIN
|
ROUGHPDD1Z01
|
RODXDDYAZ9C0
|
ROW93W0GN3L9
|
ROXXMOK2JES3
|
RO4BEW3ZCCI4
|
|
Ticker
|
R2507B
|
R2507A
|
R2707A
|
R2507AE
|
R2907AE
|
|
Maturity
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1 year
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1 year
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3 years
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1 year
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5 years
|
|
Yearly interest rate
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7% p.a.
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6% p.a.
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6.85% p.a.
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4% p.a.
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5% p.a.
|
|
Offering period
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June 18 - 28
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June 18 – 28
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June 18 – 28
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June 18 – 28
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June 18 - 28
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Nominal value
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RON 100
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RON 100
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RON 100
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EUR 100
|
EUR 100
|
|
Minimum subscription value
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RON 500
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RON 5,000
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RON 5,000
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EUR 1,000
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EUR 1,000
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The allocation of the government bonds subscribed within the offer will be executed on the allocation date (June 28, 2024), and the final number of government bonds offered will be established by the issuer in consultation with the intermediary syndicate. The orders related to the subscriptions allocated to investors based on the subscriptions validated by the members of the syndicate / Eligible Participants will be registered in BVB’s trading system dedicated to public offers (government bonds).
The first trading day is estimated to be July 4, 2024. The income obtained through the investment in FIDELIS government bonds, both from interest and from capital gains, is non-taxable. More details can be found on BVB website.