FINANCE MINISTRY LAYS GROUNDWORK FOR BUYING GOVERNMENT BONDS DIRECTLY THROUGH THE TREASURY The next bonds issue for the population will not be done through the BSE

ADINA ARDELEANU (translated by Cosmin Ghidoveanu)
English Section / 25 septembrie 2017

The Ministry of Public Finance (MFP) has created the legal framework which will allow it to sell government bonds to the population directly through the State Treasury and intends to use that system for the next issue aimed at individual investors as early as this year, according to market sources.

As a result, the Bucharest Stock Exchange will no longer be involved in the next offer, after the last two offerings took place through it.

The government now has two alternatives available to distribute the bonds to citizens: the BSE, where they are tradable, and the Treasury, where they work like a deposit and are not transferable once bought.

Our sources told us that an application is being developed at the Ministry in order to allow the sale of the government bonds through the Treasury.

On Friday, the Ministry of Finance has announced that it is launching a new program which will allow any interested individual to buy government bonds directly from the State Treasury, without any commissions and at an attractive interest rate: "Thus, we are taking the first step when it comes to launching the Treasure software, the tool which will be used for issuing government bonds through the draft law which proposes the amendment and completion of the methodological norms for the application of Emergency Government Ordinance 64/2007 concerning public debt, approved through Government Decision 1470/2017.

The government bonds for the population will be issued through the branches of the State Treasury.

The revenues earned though the securities issued by the Romanian government through the Ministry of Public Finances will be tax exempt, according to the current provisions in the Fiscal Code.

The financial terms and conditions of each issue will be specified in their respective prospectuses which will be approved through an order of the Finance Minister".

In April, PSD leader Liviu Dragnea criticized PM Grindeanu for having the government continue to borrow from banks rather than the population.

Last year, the issue of government bonds dedicated to the population launched as part of the Fidelis program, with a 2018 maturity, was called Centenary. 2017 would be the third year in which the Ministry of Public Finance would launch such an issue. In 2016, through Fidelis, the Ministry of Public Finance raised 735 million lei.

Last year, eligible buyers were the resident and non-resident individuals aged at least 18.

The strategy for the management of public debt for the 2017-2019 period was revised, in order to comply with the budget indicators stipulated in the medium Fiscal-Budgetary strategy, Ministry of Public Finances announced in June (MFP).

Thus, the main objectives of the Ministry in managing the government public debt for the 2017-2019 period include the development of the internal market of government bonds.

In 2017-2019, according to the Ministry of Public Finance, Romania will cover its financing need by issuing government bonds domestically, through Eurobonds on the international capital markets as well as by borrowing from foreign lenders (international financial institutions), under advantageous terms.

Cotaţii Internaţionale

vezi aici mai multe cotaţii

Bursa Construcţiilor

www.constructiibursa.ro

Comanda carte
fngcimm.ro
danescu.ro
boromir.ro
chocoland.ro
arsc.ro
domeniileostrov.ro
leonidas-universitate.ro
Stiri Locale

Curs valutar BNR

08 Ian. 2025
Euro (EUR)Euro4.9738
Dolar SUA (USD)Dolar SUA4.8217
Franc elveţian (CHF)Franc elveţian5.2862
Liră sterlină (GBP)Liră sterlină6.0012
Gram de aur (XAU)Gram de aur411.4200

convertor valutar

»=
?

mai multe cotaţii valutare

erfi.ro
Cotaţii Emitenţi BVB
Cotaţii fonduri mutuale
Studiul 'Imperiul Roman subjugă Împărăţia lui Dumnezeu'
The study 'The Roman Empire subjugates the Kingdom of God'
BURSA
BURSA
Împărăţia lui Dumnezeu pe Pământ
The Kingdom of God on Earth
Carte - Golden calf - the meaning of interest rate
Carte - The crisis solution terminus a quo
www.agerpres.ro
www.dreptonline.ro
www.hipo.ro

adb
PrevNext
LuMaMiJoViSaDu
  12345
6789101112
13141516171819
20212223242526
2728293031