Romania MOF Announces Government Bonds with Tax-Free Interest for Individual Investors

The Romanian Ministry of Public Finance June 8 announced government bonds with tax-free interest for individual investors. The announcement includes that: 1) resident individuals can invest in one-, three-, and five-year TEZAUR bonds with annual interest rates of 6.25 percent, 6.8 percent, and 7.25 percent, respectively; 2) the bonds have a nominal value of 1 Romanian leu (US$0.22), and are issued in dematerialized form; 3) the bonds can be purchased online or through postal units in rural areas until July 1, through the Virtual Private Space (SPV) or postal units in urban areas until July 2, or at units of ...