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Investment of the poor: MFP sells one-lei treasury bonds to population and money will be blocked until maturity

de Adrian N Ionescu 9.10.2017

The Ministry of Public Finance (MFP) wants to raise money to the budget, leu by leu and says that treasury bills, whose issues have already been announced, will have a nominal value of 1 RON.

The amount is a real premiere.

The financial instruments will be issued quarterly, on short terms, through the State Treasury’s operating units, and will not be listed on the stock exchange, which means that money will be blocked until the maturity is reached.

Individuals who will buy such bills must “open treasury accounts for this purpose,” according to an MFP statement.

The acquisition will be exempt from fees, and the incomes obtained from holding the securities “will be non-taxable, according to the current provisions of the Tax Code. The financial terms and conditions of each issue will be specified in the issue prospectus to be approved by order of the Public Finance Minister.”

MFP promises that interest will be “attractive” but it will most likely consider the fact that, in principle, the state is a safer debtor than other private issuers of saving and investment instruments.

MFP had also promised to continue the Fidelis program for issuing government bonds through the stock exchange, where securities can be traded even before the maturity.

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