# Romania SAFE financing and bond issuance

> Live situation record from CLSTR: https://clstr.news/situations/romania-safe-financing-and-bond-issuance
> Updated: 2026-08-05T11:27:31.000Z. Sources: 12. Developments: 3.

In early August 2026 Romania’s Ministry of Finance opened the eighth edition of its Fidelis state‑bond programme, issuing lei‑denominated bonds at 6.30 % (2‑yr), 6.90 % (4‑yr) and 7.50 % (10‑yr) and euro bonds at 4.00 % (3‑yr) and 6.30 % (10‑yr). A special tranche for blood donors offered a 2‑yr lei bond at 7.30 % and a 3‑yr euro bond at 5.00 %, with reduced minimum subscriptions (500 lei, 100 €) and caps of 100 000 lei and 20 000 €. The bonds are tax‑exempt and may be traded before maturity. At the same time the government confirmed it can draw up to €16.68 billion from the EU‑backed SAFE financing instrument, at an estimated 3 %–3.5 % interest rate over a 45‑year repayment period.

Parliament acted to increase budget flexibility under the SAFE programme. On 4 August the Chamber of Deputies approved, and the Senate subsequently adopted, an amendment to Emergency Ordinance No 62/2025 that allows primary budget credit officers to de‑commit funds already legally committed for 2026 under other expenditure titles and re‑commit them to a new title, while prohibiting their use for new spending, transfers or surrender to the budgetary reserve.

## Timeline

### 2026-08-05: Romania's Finance Ministry launches Fidelis bond edition with up to 7.5% lei interest

Romania's Finance Ministry launches the 8th Fidelis bond edition (7‑14 Aug) offering up to 7.5% lei interest and a special tranche for blood donors with reduced subscription limits.

4 sources. https://clstr.news/cluster/romanias-finance-ministry-launches-fidelis-bond-edition-with-up-to-75-lei-interest

### 2026-08-04: Romanian Parliament passes amendments to SAFE program emergency ordinance

Romania's Chamber of Deputies and Senate approved amendments to Emergency Ordinance 62/2025, adding rules for de‑committing and re‑committing 2026 budget appropriations under the SAFE programme.

4 sources. https://clstr.news/cluster/romanian-parliament-passes-amendments-to-safe-program-emergency-ordinance

### 2026-08-03: Romania offers 7.5% Fidelis bonds and secures €16.7 bn SAFE loan

Romania's Finance Ministry launched the Fidelis bond programme (up to 7.5% interest, tax‑free, special blood‑donor tranche) and confirmed a €16.7 bn SAFE loan with 3‑3.5% interest repayable over 45 years.

7 sources. https://clstr.news/cluster/romania-offers-75-fidelis-bonds-and-secures-167-bn-safe-loan

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Cite as: Romania SAFE financing and bond issuance. CLSTR, https://clstr.news/situations/romania-safe-financing-and-bond-issuance