The December offering comprised seven bond issues for retail investors, with maturities ranging from two to 10 years and interest rates between 3.75% and 7.55% annually. The bonds are denominated in both Romanian lei and euros, with a special tranche reserved for blood donors offering the highest yield of 7.55%.

"The latest Fidelis edition confirms the efficiency of the programme and the fact that more and more investors prefer to place their savings in safe and stable instruments," said Alexandru Nazare, Minister of Finance. The programme has become a benchmark of the capital market and a solid option for medium and long-term savings, he added.

Since launching in August 2020, the Fidelis programme has raised over RON 62 billion (€12.5 billion) across 31 offerings. This year alone accounted for RON 21.1 billion (€3.9 billion), representing over one-third of the total amount raised. The number of investors holding exclusively government securities has grown from 40,000 to over 65,000.