BUSINESSCOMPANIESFINANCIAL

Romanian Post to trade government securities to the public

By Anca Bernovici
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The Romanian Post will be authorized by the Government to trade sovereign bond to the public, and the conditions for the sale and payment of maturity obligations for these securities will be similar to those in force for Treasury units, Ministry of Public Finance (MFP) announced. The indicative loan ceiling for this year is about RON 4 billion.

The bond issues have been conducted so far under the FIDELIS program, through the Bucharest Stock Exchange (BVB) mechanism, and subscriptions have been made through a group of selected banks: BRD Groupe Societe Generale SA, Banca Comerciala Romana SA, Banca Transilvania/BT Capital Partners and Raiffeisen Bank SA.

The issue of state bonds “Fidelis Centenar” started trading on August 5, 2016. Under this program two issues with two-year maturities and interest rate of 2.15 percent per annum were carried out.

Recently, Ministry of Communications and Information Society announced a share capital increase at the Romanian Post, amounting to RON 170 million, RON 153 million being already transferred to the company accounts. This was the first capitalization that the Romanian state, as a major shareholder, did it for the Romanian Post.

The state holds 75 percent of the Post’s shares and investment fund Fondul Proprietatea owns the remaining 25 percent.

 

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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