Fidelis RON 5% 2029 (B2902A) Bond — Price, Coupon & Yield

What B2902A is

Fidelis RON 5% 2029 (B2902A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail series and pays a fixed 5% coupon in RON until maturity on Feb 12, 2029, making it a core holding for investors seeking predictable local-currency income. In the broader Fidelis lineup, it sits alongside peers such as Fidelis RON 7.25% 2026 (R2612A), Fidelis RON 7.15% 2028 (R2802B), and Fidelis RON 7.7% 2031 (R3111A), as well as euro-denominated issues like Fidelis EUR 3.75% 2027 (R2703AE), Fidelis EUR 6.3% 2036 (R3609AE), and Fidelis EUR 6.2% 2036 (R3601AE).

Key numbers explained

• Price: 102% — the bond trades at a small premium to its face value, meaning you pay slightly more than the nominal amount per unit.
• Coupon: 5% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 4.12% — the yield to maturity is the total return you would earn if you bought the bond today at 102%, held it to maturity, and reinvested coupons at the same rate; it is lower than the coupon because the premium is amortised over the remaining life.
• Years to maturity: 2.4 — roughly two years and five months remain until the final principal repayment on 12 feb. 2029.
• Price change today: 0% — the last trading session closed unchanged, indicating no intraday price movement at the time of the quote.
• Bond currency: RON — all cash flows (coupon and principal) are denominated in Romanian lei, so currency risk is limited to RON against the investor’s home currency.

What to watch

• Interest rate movements in Romania, which can push the bond’s market price away from 102% as yields on new issues change.
• The remaining term of 2.4 years, which limits the price sensitivity compared with longer-dated peers like Fidelis RON 7.7% 2031 (R3111A).
• The fixed 5% coupon structure, which provides a stable income stream but does not adjust if inflation or rates rise.
• The issuer’s credit profile, as the bond is a Romanian government (Fidelis) issue whose pricing reflects sovereign credit conditions.
• The BVB market environment, where liquidity and bid–ask spreads can affect execution quality for retail investors.