Primaria Municipiului Alba Iulia 6.49% 2027 (ALB27) Bond — Price, Coupon & Yield

What ALB27 is

Primaria Municipiului Alba Iulia 6.49% 2027 (ALB27) is a municipal bond issued by the local administration of Alba Iulia and listed on the Bucharest Stock Exchange (BVB). It belongs to the Municipal sector and pays a fixed coupon of 6.49% until its maturity on Nov 15, 2027, making it a short-dated, RON-denominated debt instrument. Compared with peers such as Municipiul Bacau 6.613% 2026 (BAC26B) or Consiliul Judetean Alba 6.64% 2026 (ALB26), ALB27 offers a similar profile with a slightly lower coupon and a maturity horizon of about 1.1 years.

Key numbers explained

• Price: 99.25% — the bond trades just below par, meaning you pay slightly less than the face value for each RON 100 nominal.
• Coupon: 6.49% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity if bought at the current price: 7.17% — the yield to maturity reflects the total return you would earn if you hold the bond to maturity, assuming all coupons are reinvested at the same rate and the issuer does not default.
• Years to maturity: 1.1 — the remaining time until the principal is repaid, which keeps interest-rate sensitivity relatively low.
• Price change today: -0.75% — the intraday move in price, shown as a percentage.
• Maturity: Nov 15, 2027 — the date when the issuer returns the nominal amount and the last coupon is paid.
• Bond currency: RON — all cash flows (coupons and principal) are denominated in Romanian lei.

What to watch

• Interest rate movements — when market rates rise, existing bond prices tend to fall, and vice versa; the short maturity of ALB27 limits this sensitivity.
• Issuer credit quality — changes in the issuer’s fiscal position or local government finances can affect perceived risk and price.
• Coupon reinvestment — the realized return depends on the rate at which interim coupon payments can be reinvested.
• Liquidity on the BVB — trading volume and bid–ask spreads can affect execution costs, especially for larger positions.
• Currency exposure — as a RON-denominated bond, ALB27 does not carry foreign exchange risk for investors funded in lei.

For broader context on Romanian municipal bonds, see the Bonds directory.