Romania MOF Announces Tax-Free Interest Government Bonds for Individuals

The Romanian Ministry of Public Finance Oct. 6 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 6.95 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 issued in dematerialized form; 3) from Oct. 6, the bonds can be purchased online or through postal units in rural areas until Nov. 5, through the Virtual Private Space (VPS) or through postal units in urban areas until Nov. 6, ...