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MFP to issue state bonds for individuals


The Ministry of Public Finance (MFP) will launch state bonds designed for individuals, to be issued on the regulated market managed by the Bucharest Stock Exchange (BVB), following a decision approved on Wednesday at the Government meeting. 

The state bonds for the population have no longer been issued since 2005, when state bonds were supplied via local treasuries in a materialized form. 

The new instrument will be a safe alternative for investment/savings for the population, guaranteed by the Romanian state and the state bonds will be issued in the dematerialized form, MFP reports. 

The state bonds may be purchased directly and subsequently traded on the stock exchange. 

The bonds are issued on the primary market through primary dealers who buy government bonds, both in their own name and on behalf of their clients, at the auctions organized by the National Bank of Romania, as designated agent of the state. After the issuing, the sale/purchase transactions between the owners of state bonds are conducted on the secondary market supervised by the National Bank of Romania and/or the secondary market regulated by the BVB, according to the substantiation note of this legislative act.