Romania:Romania Issues TEZAUR Tax-Free Bonds Yielding Up to 7.15%

On 7 September 2026, the Ministry of Finance launched the eighth edition of the TEZAUR program for 2026, offering individuals the opportunity to subscribe to government bonds with tax-exempt interest and annual yields of up to 7.15% for maturities of 1, 3, and 5 years. The subscription opened on 10 August 2026 and runs until the allocated amount is exhausted. The bonds have a nominal value of 1 leu and are issued in dematerialized form, continuing the government’s effort to promote domestic savings with favorable tax treatment.

Key Takeaways

  • Competitive Tax-Free Yield: The 7.15% maximum rate exceeds typical bank deposit rates after tax, making TEZAUR bonds attractive for conservative investors.
  • Dematerialized Issuance: Electronic-only format simplifies purchase, holding, and redemption processes.
  • Regular Program Cadence: Frequent editions provide recurring entry points for retail investors.

Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.

Source: Read Official Announcement