- This IPO includes five issues, in EUR and RON, out of which one is dedicated to blood donors.
- The bonds dedicated to donors are denominated in RON, have a maturity of 1 year and an interest rate of 7% p.a.
- 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 and 5 years, respectively, and interest rates of 4% p.a. and 5% p.a.
- The offer is carried out between April 8th and 17th, and the estimated date of the listing of Fidelis securities on the local stock market is April 23rd.
- Through the previous 15 IPOs for Fidelis bonds carried since July 2020, the Ministry of Finance attracted over RON 26.2bn (over EUR 5.3bn) from individual investors.
The Ministry of Finance (MF) carries out on Bucharest Stock Exchange (BVB) the 16th public sales offer for Fidelis government bonds, between April 8th and 17th. Through the previous 14 offers, the Ministry of Finance attracted from the retail investors almost RON 24.5bn (almost EUR 5bn).
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 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 April 2025
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RON issue with maturity in April 2025
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RON issue with maturity in April 2027
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EUR issue with maturity in April 2025
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EUR issue with maturity in April 2029
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|
ISIN
|
ROM2SGP5U7L5
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RO7685PL69C7
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ROFM5R7FQWV5
|
ROF2IYUURMY1
|
RO46T3V3B2W6
|
|
Ticker
|
R2504B
|
R2504C
|
R2704A
|
R2504AE
|
R2904AE
|
|
Maturity
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1 year
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1 year
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3 years
|
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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April 8 - 17
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April 8 - 17
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April 8 - 17
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April 8 - 17
|
April 8 - 17
|
|
Nominal value
|
RON 100
|
RON 100
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EUR 100
|
EUR 100
|
EUR 100
|
|
Minimum subscription value
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RON 500
|
RON 5,000
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EUR 1,000
|
EUR 1,000
|
EUR 1,000
|
On the donors' tranche, orders can only be placed by investors who have donated blood starting with September 1st, 2023 and/or who donate during the Fidelis government bond offering.
The allocation of the government bonds subscribed within the offer will be executed on the allocation date (April 17th, 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 April 23rd, 2024.
The income obtained through the investment in FIDELIS government bonds, both from interest and from capital gains, is non-taxable. Also, the subscriptions can be made through Eligible Participants, which represent any intermediary authorized by Financial Supervisory Authority, which is financial investment company or credit institution registered as a participant in Bucharest Stock Exchange’s trading system that signed the commitment regarding the conditions of the offer, the provisions of the issue prospectus and sent the commitment to the Lead Manager. The intermediary syndicate of the offer includes BT Capital Partners (Lead Manager) & Banca Transilvania (distribution group), Alpha Bank Romania, BCR and BRD.
More details can be found on BVB website.