[REVISION HISTORY]

Romania SAFE financing and bond issuance

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-05 12:14 UTC → 2026-08-07 06:29 UTC · added ~~removed~~

In early August ~~2026,~~ 2026 Romania’s Ministry of Finance ~~launched~~ opened the eighth edition of its Fidelis state‑bond programme, ~~offering a range of interest rates for lei‑~~ issuing lei‑denominated bonds at 6.30 % (2‑yr), 6.90 % (4‑yr) and ~~euro‑denominated issues~~ 7.50 % (10‑yr) and a euro bonds at 4.00 % (3‑yr) and 6.30 % (10‑yr). A special ~~low‑threshold~~ tranche for blood ~~donors.~~ 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,~~ time the ~~ministry~~ government confirmed ~~that the country~~ it can draw up to €16.68 billion ~~under~~ from the EU‑backed SAFE financing instrument, ~~with~~ at an estimated 3 %–3.5 % interest rate ~~and~~ over a 45‑year repayment ~~schedule. The following day, the Romanian~~ period. Parliament ~~approved amendments~~ acted to ~~the emergency ordinance that implements~~ increase budget flexibility under the SAFE programme. ~~The changes introduce a new article allowing~~ 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,~~ transfers or surrender to the budgetary reserve. ~~The amendment is intended to give the state budget greater flexibility in reallocating 2026 commitments under the SAFE programme.~~

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