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ASF: We have project with MFP financed by EU for the national strategy of the stock market
The Financial Supervision Authority (ASF) will initiate, in the fall, together with the Public Finance Ministry (MFP), a project financed by EU for the national strategy of the stock market, ASF president, Nicu Marcu announced.
The ASF president also said the way of financing economy with state bonds is welcome for companies which invest in the stock market. “This way of financing economy through state bonds, is welcome for companies that invest in the stock market and I want to confirm this by the fact that most companies we supervise invest in state bonds. There are large amounts, both in the case of pension fund administrators , which are the biggest investors in state bonds, and in the area of
insurance companies and companies from the stock market. Our challenge is to develop this stock market,” the president of ASF said.
The Ministry of Public Finance announced on Monday that people subscribed, over July 15- August 7, to Fidelis state bonds in lei and foreign exchange for over 2 billion lei, the largest amount attracted through Fidelis program.
According to MFP, the state bond issue in euro is a first launched by MFP. The other two state bond issues in lei represent the first issues for the population in the last 4 years. State bonds are transactioned at BVB as of August 13, through authorized intermediates. The annual interest rate for euro bonds is 2% while for lei it is 4% for those due in 2022 and 4.5% for those due in 2024.