FIDELIS November 2025 - 10th Edition of Government Bonds

Between November 7 and 14, 2025, the tenth edition of the FIDELIS government bonds program takes place, conducted by the Ministry of Finance, with slightly adjusted interest rates compared to the previous round. The bonds are listed on the Bucharest Stock Exchange and can be subscribed through partner banks. Who can invest? The program is intended for resident and non-resident individuals over the age of 18, through partner banks: BT Capital Partners & Banca Transilvania, BCR, BRD – Groupe Société Générale, Alpha Bank, and TradeVille (in partnership with Libra Bank). Offered interest rates Here are the announced interest rates for the November 2025 edition: Currency: RON Maturity Annual interest 2 years 6.95% 2 years (blood donors) - max. 100,000 RON 7.95% 4 years 7.35% 6 years 7.70% Currency: EUR Maturity Annual interest 3 years 3.90% 5 years 5.00% 10 years 6.30% Minimum investment RON (standard): 5,000 RON RON (blood donors): 500 RON EUR: 1,000 EUR Facilities for blood donors In this edition, blood donors benefit from a special tranche with an interest rate of 7.95% for RON bonds maturing in 2 years. They can subscribe up to 100,000 RON in the dedicated tranche, and for additional amounts, they can opt for the standard tranches. Documents certifying blood donation made between June 1, 2025, and November 14, 2025, are eligible. Benefits of FIDELIS government bonds Non-taxable interest for all investors; Annual interest paid directly into the bank account; Flexibility: bonds can be sold before maturity on the Bucharest Stock Exchange; Diversification: maturities between 2 and 10 years, available in RON and EUR; Access to the special tranche for blood donors, with preferential conditions. Context and comparison After the success of the October 2025 edition, which attracted total subscriptions of approximately 2.2 billion RON, the Ministry of Finance continues the FIDELIS program with a new series of issues slightly more tempered in interest but still competitive, especially for euro tranches and those dedicated to donors. Conclusion regarding the FIDELIS November 2025 edition FIDELIS November 2025 offers a balanced combination of safety, yield, and accessibility. Even though the interest rates are slightly reduced compared to the previous edition, the program remains a solid alternative to bank deposits, especially for those interested in tax-free investments with the possibility of trading on the stock exchange. Update (to be completed after the subscription closes on November 14, 2025)