Romania MOF Announces Tax-Free Interest Government Bonds for Individuals

The Romanian Ministry of Public Finance Sept. 8 announced government bonds with tax-free interest rates for individuals. The announcement includes that: 1) Romanian individuals can invest in TEZAUR government bonds with maturities of one, three, and five years, and with annual interest rates of 6.90 percent, 7.50 percent, and 7.85 percent, respectively; 2) the bonds have a nominal value of 1 Romanian leu (US$0.23) and are in dematerialized form; 3) individuals can purchase the bonds from Sept. 8 to Oct. 1 online or in rural areas through postal units, from Sept. 8 to Oct. 2 through the Virtual Private Space ...