Consiliul Judetean Alba 6.64% 2026 (ALB26) Bond — Price, Coupon & Yield

What ALB26 is

Consiliul Judetean Alba 6.64% 2026 (ALB26) is a municipal bond issued by the Alba County Council and listed on the Bucharest Stock Exchange (BVB). It pays a fixed 6.64% coupon in RON and is set to mature on Nov 15, 2026, making it a short-dated local-government instrument. In the InvestPane bond directory, it sits alongside peers such as Municipiul Resita 6.047% 2033 (RES33E), Municipiul Slobozia 6.66% 2029 (SLB29), Municipiul Bucuresti 8.9% 2030 (PMB30), Municipiul Focsani 6.59% 2026 (FOC26), Municipiul Iasi 6.405% 2028 (IAS28), Consiliul Judetean Timis 6.31% 2028 (TIM28), and Judetul Cluj 5.857% 2033 (CJC33E).

Key numbers explained

• Price: 85% — the bond trades at 85% of its face value, so you pay 85 RON for each 100 RON nominal.
• Coupon: 6.64% — the annual interest paid as a percentage of the nominal value, not of the purchase price.
• Estimated yield to maturity if bought at the current price: 120.88% — this yield to maturity reflects the total return you would earn if you hold the bond to Nov 15, 2026, assuming all coupons are reinvested at the same rate and you receive the full nominal at maturity.
• Years to maturity: 0.1 — roughly four months remain until the bond matures, which limits the compounding effect of the coupon.
• Price change today: -14.36% — the bond's market price has fallen by 14.36% on the current trading day.
• Maturity: Nov 15, 2026 — the date when the issuer repays the nominal value and the final coupon is paid.
• Bond currency: RON — all cash flows (coupon and principal) are denominated in Romanian lei.

What to watch

• Credit risk: as a municipal bond, ALB26's payments depend on the financial health of the Alba County Council.
• Interest rate sensitivity: even with a short remaining maturity, falling rates can push the price above 85%, while rising rates can push it lower.
• Liquidity: trading volume on the BVB can vary, which may affect the ease of buying or selling at the quoted 85% price.
• Yield comparison: investors often compare the 120.88% estimated yield to maturity with similar short-dated municipal bonds such as Municipiul Focsani 6.59% 2026 (FOC26) or Municipiul Iasi 6.405% 2028 (IAS28) to understand relative value.
• Currency exposure: because the bond is denominated in RON, changes in the lei's exchange rate can affect returns for investors holding other currencies.