Romania MOF Announces Tax-Free Interest Government Bonds for Individuals

The Romanian Ministry of Public Finance May 11 announced government bonds with tax-free interest rates for individuals. The announcement includes that: 1) Romanian individuals can invest in one-, three-, and five-year TEZAUR bonds with annual interest rates of 6.3 percent, 6.9 percent, and 7.4 percent, respectively; 2) the bonds have a nominal value of 1 Romanian leu (US$0.22), and are issued in dematerialized form; 3) from May 11, the bonds can be purchased online or through postal units in rural areas until June 3, through the Virtual Private Space (SPV) or postal units in urban areas until June 4, or ...