Municipiul Bacau 6.613% 2026 (BAC26B) Bond — Price, Coupon & Yield
Price
93%
-7%
Key statistics
| Type | Municipal bond |
|---|---|
| Issuer | Municipiul Bacau |
| Price (% of face value) | 93% |
| Coupon | 6.61% |
| Maturity | Nov 1, 2026 |
| Years to maturity | 0.1 |
| Est. yield to maturity | 76.41% |
| Currency | RON |
| ISIN | ROBACADBL058 |
| Exchange | BVB |
Yield to maturity is an approximation assuming the bond is held to maturity and repaid at 100% of face value.
Overview
What BAC26B is
Municipiul Bacau 6.613% 2026 (BAC26B) is a municipal bond issued by the Municipality of Bacau and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon and is denominated in RON. In the InvestPane bonds directory, it sits alongside other Romanian municipal issues such as Municipiul Iasi 6.425% 2028 (IAS28A), Consiliul Judetean Timis 6.31% 2028 (TIM28), Municipiul Slobozia 6.66% 2029 (SLB29), Municipiul Bacau 6.625% 2026 (BAC26), Primaria Municipiului Alba Iulia 6.49% 2027 (ALB27), Municipiul TG. Mures 6.44% 2027 (TGM27), and Municipiul Bucuresti 5.6% 2028 (PMB28).
Key numbers explained
- Price: 93% — the bond trades at 93% of its face value, meaning you pay less than the nominal amount for each unit.
- Coupon: 6.61% — 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: 76.41% — the yield to maturity reflects the total return you would earn if you hold the bond to maturity and reinvest coupons at the same rate; it is higher than the coupon because you bought below par.
- Maturity: Nov 1, 2026 — the date when the issuer repays the nominal value and the bond ceases to exist.
- Years to maturity: 0.1 — roughly 4 months remain until maturity, which keeps interest-rate sensitivity low.
- Price change today: -7% — the bond's market price moved down by 7% on the current trading session.
- Bond currency: RON — all cash flows (coupon and principal) are in Romanian lei.
What to watch
- Interest rates — when market rates rise, existing bond prices tend to fall, and vice versa.
- Issuer credit quality — changes in the municipality's fiscal position or local economic conditions can affect perceived risk.
- Liquidity — trading volume on the BVB can vary, which may affect the ease and cost of buying or selling.
- Time to maturity — with only 0.1 years left, the bond's price will move closer to par as the maturity date approaches.
- Reinvestment risk — the short remaining horizon means coupons will be reinvested soon, so the prevailing rate at that time matters.
Latest news & filings
No recent headlines.
Frequently asked questions
Does BAC26B pay a dividend?
No. BAC26B is a bond, not a share, so it pays a coupon rather than a dividend.
What is the BAC26B P/E ratio?
The P/E ratio applies to stocks, not bonds. BAC26B is a municipal bond and does not have a P/E ratio.
Where can I buy BAC26B?
BAC26B trades on the Bucharest Stock Exchange (BVB) through a broker that provides access to the Romanian fixed-income market.
What is the BAC26B coupon?
The coupon is 6.61%, paid annually as a percentage of the bond's nominal value.
When does BAC26B mature?
BAC26B matures on Nov 1, 2026, with 0.1 years remaining.
What currency is BAC26B denominated in?
BAC26B is denominated in RON.
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