Romania offers 7.5% Fidelis bonds and secures €16.7 bn SAFE loan

The Romanian Ministry of Finance announced the eighth edition of the Fidelis state‑bond programme, running from 7 to 14 August 2026. Interest rates reach up to 7.50 % for lei‑denominated issues (6.30 % for two‑year, 6.90 % for four‑year, 7.50 % for ten‑year) and up to 6.30 % for euro‑denominated issues (4.00 % for three‑year, 6.30 % for ten‑year). A special tranche for blood donors offers lower subscription thresholds (500 lei or 100 €) and higher rates (7.30 % lei, 5.00 % euro). Income from the bonds is tax‑free and the securities are listed on the Bucharest Stock Exchange, where they can be sold before maturity.

Separately, the Ministry confirmed that Romania can draw up to €16.68 billion under the EU‑backed SAFE financing instrument. The loan carries an estimated interest rate of 3 %–3.5 % and is repayable over 45 years, with a ten‑year grace period before principal repayments begin. Funds may be drawn until 31 December 2030 and will be serviced through the general public‑debt mechanism. The total cost and impact on public debt were not disclosed.