Romania launches new TEZAUR retail bond issue with rates up to 7.15%

Romania's Ministry of Finance opened a new TEZAUR retail government bond subscription window (Sept 7–Oct 2, 2026) offering 6.20%, 6.75%, and 7.15% annual yields for 1-, 3-, and 5-year maturities, with tax-free income. This is a routine sovereign retail funding operation, not a policy shift. It signals continued reliance on domestic retail savings amid elevated fiscal deficits.