Municipiul Bacau 6.613% 2026 (BAC26A) Bond — Price, Coupon & Yield

What BAC26A is

Municipiul Bacau 6.613% 2026 (BAC26A) is a municipal bond issued by the local government of Bacau and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 6.61% per year and is set to mature on Nov 1, 2026, making it a short-dated instrument with only 0.1 years remaining until maturity. The bond is denominated in RON, the Romanian leu, and its current market price is quoted at 100% of face value.

Key numbers explained

• Price: 100% — the bond trades at par, meaning its market price equals its nominal (face) value.
• Coupon: 6.61% — the annual interest payment expressed as a percentage of the bond's face value.
• Estimated yield to maturity if bought at the current price: 6.61% — the total annual return an investor would earn if the bond is bought at 100% and held to maturity, assuming all coupons are reinvested at the same rate.
• Maturity: Nov 1, 2026 — the date when the issuer repays the face value and the bond ceases to exist.
• 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: +0.5% — the intraday move relative to the previous close, showing modest upward trading activity.

What to watch

Municipal bonds like BAC26A are influenced by local fiscal conditions, interest-rate movements, and broader monetary policy. Because BAC26A has a very short time to maturity, its price will track the prevailing short-term rate environment closely. Investors often compare short-dated municipal issues with peers such as Consiliul Judetean Bihor 6.31% 2027 (BIH27), Municipiul Iasi 6.425% 2028 (IAS28A), or Consiliul Judetean Alba 6.64% 2026 (ALB26) to understand relative value within the municipal segment. The Bonds directory provides a full list of available instruments for further comparison.