Fidelis RON 3.65% 2031 (B3109A) Bond — Price, Coupon & Yield

What B3109A is

Fidelis RON 3.65% 2031 (B3109A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in RON. The bond pays a fixed coupon of 3.65% and matures on Sep 24, 2031, with 5 years remaining until maturity. It is part of the broader Fidelis family of retail bonds, which also includes Fidelis EUR 4% 2029 (R2909AE), Fidelis RON 7.6% 2028 (R2804B), Fidelis RON 7.95% 2031 (R3107A), Fidelis RON 6.6% 2030 (R3003C), Fidelis EUR 4.5% 2031 (R3102AE), Fidelis EUR 5.75% 2031 (R3112AE), and Fidelis EUR 5.8% 2028 (R2804AE).

Key numbers explained

• Price: 93.4% — the bond trades below par (100), meaning you pay 93.4 RON for every 100 RON of face value.
• Yield to maturity — the estimated total return if you buy at 93.4% and hold to maturity, here 5.14%, which is higher than the coupon because of the discount.
• Coupon: 3.65% — the annual interest paid as a percentage of the face value.
• Price change today: -1.37% — the bond's price fell by 1.37% on the current trading session.
• Maturity: Sep 24, 2031 — the date when the issuer repays the face value and the final coupon.
• Years to maturity: 5 — the approximate time left until the bond reaches its maturity date.
• Bond currency: RON — all cash flows (coupons and principal) are in Romanian lei.

What to watch

Bond prices generally move inversely to interest rates, so changes in the monetary policy environment can affect B3109A's price. Credit risk for this issue is tied to the issuer, Ministerul Finantelor, and the fiscal outlook of Romania. Liquidity on the Bucharest Stock Exchange (BVB) can vary, which may affect the ease of buying or selling at the quoted 93.4% price. The fixed 3.65% coupon provides predictable income, but the real return depends on inflation and the reinvestment of coupon payments. For investors comparing across the Fidelis range, the Bonds directory lists all available issues.