Municipiul Bacau 6.625% 2026 (BAC26) Bond — Price, Coupon & Yield

What BAC26 is

Municipiul Bacau 6.625% 2026 (BAC26) is a municipal bond issued by the municipality of Bacau and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 6.63% per year and is due to mature on Nov 1, 2026, with 0.1 years remaining until maturity. The bond is denominated in RON and is part of the municipal bond universe tracked by InvestPane, alongside peers such as Municipiul Focsani 6.59% 2026 (FOC26) and Consiliul Judetean Alba 6.64% 2026 (ALB26).

Key numbers explained

• Price: 100% — the bond is trading at par, meaning its market price equals its face value.
• Coupon: 6.63% — the annual interest payment expressed as a percentage of the face value.
• Estimated yield to maturity if bought at the current price: 6.63% — the yield to maturity is the total return expected if the bond is held to maturity and all coupons are reinvested at the same rate; here it matches the coupon because the price is at par.
• Maturity: Nov 1, 2026 — the date when the issuer repays the final coupon and the principal.
• Years to maturity: 0.1 — a short remaining horizon, which typically means the bond's price is less sensitive to interest-rate changes than longer-dated bonds.
• Price change today: 0% — the bond's market price has not moved today.

What to watch

• Interest rate movements can affect the price of municipal bonds like BAC26, though the short remaining maturity limits this sensitivity.
• The issuer's credit quality and local fiscal conditions may influence the perceived risk of the bond.
• Liquidity on the Bucharest Stock Exchange (BVB) can affect how easily the bond can be bought or sold.
• Investors may compare BAC26 with similar instruments such as Primaria Orasului Siret 7.27% 2028 (SRE28) or Municipiul Iasi 6.425% 2028 (IAS28A) to understand relative yields and terms.