Romania launches new Tezaur bond issue with up to 7.15% annual interest

Romania’s Finance Ministry has opened a new edition of the Tezaur government‑bond programme. The subscription window runs from 6 July to 7 August 2026. Bonds are issued in dematerialised form with a nominal value of 1 RON and three maturities – one, three and five years – carrying annual interest rates of 6.25 %, 6.75 % and 7.15 % respectively. Income from the bonds is non‑taxable.

Investors aged 18 or older can purchase the securities via several channels: the online platform Ghișeul.ro (up to 5 August), the Virtual Private Space (SPV) for registered users (up to 6 August), directly at State Treasury offices (up to 7 August), or through Romanian Post offices (urban up to 6 August, rural up to 5 August). The bonds are transferable and may be redeemed before maturity. Subscribers may make multiple purchases in a single issue and can cancel subscriptions during the subscription period.

Proceeds will be used to finance the budget deficit and refinance public debt. To facilitate fully digital handling, the Ministry has published a guide for transferring funds from the Tezaur subscription account back to the investor’s personal bank account.