Invest in Fidelis government bonds
, directly from BT Trade

Government bonds are issued by the Ministry of Finance and are intended to finance the state. Fidelis government bonds are an alternative to bank deposits and are aimed at investors who take a low risk but have a medium tolerance for loss/decline of the amount invested.

With Fidelis government bonds, you have access to the money at all times and you can sell only part of your Fidelis government bonds to take possession of only part of the total amount invested. The nominal value of a Fidelis government bond is 100 lei for the lei issue and 100 euro for the euro issue, and the minimum subscription threshold is 5,000 lei, 1,000 euro and 500 lei respectively, 100 euro in the case of the tranche dedicated to blood donors.

An investment in government securities also involves certain risks related to legislative changes, changes in tax legislation, changes in interest rates or in the market price of these financial instruments.

Invest smart in Fidelis government bonds! For more information, you can contact us at fidelis@btcapitalpartners.ro or on 0374 77 88 77.

To better understand how a government bond trade works, here is a real example from the BT Trade platform.

You can simulate such trades directly in the BT Trade platform, without finalizing them, to see exactly how much a purchase or sale will cost you.

To buy Fidelis government bonds in EUR, you must have a trading account with BTCP.

Then make sure you find out about the Fidelis government bond offer. They are government bond issues, i.e. they are issued by the Ministry of Public Finance and are available for subscription within a certain time frame and exclusively addressed to individual investors. For more details about them, come to https://btcapitalpartners.ro/fidelis-oferta-de-titluri-de-stat-emise-de-ministerul-finantelor-publice, where we also announce the subscription periods

Follow the steps below:

• Access the link to open an account here.
• Follow the steps by filling in your details and choose your account type: online.
• Identification: validate information if you are already a BT customer (your email address must match the one you already have registered with BT).
• You receive an email with a username and a link to set your password.
• Fill in your profile data.
• You receive an offer for opening an account.
• Accept the offer and transfer money to your trading account.
• To activate your account, transfer money from your BT account to your trading account.

When you buy or sell Fidelis government securities on the stock exchange, the total value of the transaction is not just the price of the security, but also includes the interest accrued up to that point.

What each term means:

• Trading price (%) - how much you pay for a security, expressed as a percentage of the nominal value (usually 100 lei).
• Accrued interest (%) - the interest that has accrued from the last payment until the transaction day.
• 100 - the nominal value of a Fidelis bond.
• Number of securities - how many securities you buy or sell.

The formula is:

Example: suppose the price is 98%, the accrued interest is 1.5%, you buy 10 securities, then the transaction value=98+1.5100×100×10=995 lei.

The accrued interest corresponding to transactions in government securities with interest is determined as follows:

What each term means:

• Coupon rate (%) - the annual interest rate offered by the government bond.
• Number of accrual days - the number of days since the last coupon payment (or since the issue date if a coupon has not yet been paid).
• 365 - the number of days in a year (conventionally used for this type of calculation).

Example: suppose the coupon rate is 7% per annum, 90 days have elapsed since the last coupon payment, then this value is added to the transaction price to get the total transaction value.

What you need to know is that transactions in lei are commission-free and those in EUR have a custody fee of 18 RON/year.