Romania's T-bills and T-bonds were listed on the Stock Exchange by August 4th
Romania's T-bills and T-bonds were listed on the Stock Exchange on August 4th. First, 26 series of fixed coupon state bonds shall be listed, yet to reach maturity, with a total theoretic volume of RON 8 billion. However, treasury bonds shall not be listed (securities with a maturity of less than one year, inflation-indexed bonds and bonds issued based on special laws).
"For now, we can estimate that liquidity in transactions with state securities on the Stock Exchange shall reach approximately 20% of the total secondary market. The inter-banking market shall remain the core market", stated Varujan VOSGANIAN, minister of economy and finance. Stere FARMACHE, President and CEO of the Bucharest Stock Exchange, also estimates that the liquidity of state securities traded at the Stock Exchange shall be "low, for the beginning", but that private pension funds and other institutional investors will help increase it.