Subscriptions to Series E Savings Certificates (CAs) – the only ones currently on sale – have been suspended, the Treasury and the Public Debt Management Agency (IGCP) said in their Web site.
However, in one of the entries on the IGCP website there is already a mention of a possible F series, with the description: “the terms for subscribing to the F series savings certificates on AforroNet can be found here”, but when entering text from the instruction, its name still refers to “ Series E.
ABOUT Business Tried to contact IGCP to see if it’s possible to subscribe to a new series of savings certificates, but is still waiting for a response.
Savings certificates are becoming increasingly attractive given the indexation of remuneration to the three-month Euribor, which reacts immediately to the increase in interest rates of the European Central Bank (ECB).
Currently, the interest rate on savings certificates is at the maximum level established by law, i.е. 3.5%.
Until April, the amount invested by families in certificates rose to 43,353.04 million euros, with a focus on increasing demand for savings certificates, the amount of which invested by families during this period was 30,324.01 million euros. From January to April alone, savings certificates raised more than 10 billion euros.
The race for certificates has even led the government to revise the republic’s debt limit, reducing funding from other sources of funding, “namely, by issuing fewer bonds and treasury bills during fiscal year 2023” as much as possible. read in the dispatch published in mid-May.