Consiliul Judetean Bihor 6.31% 2027 (BIH27) Bond — Price, Coupon & Yield

What BIH27 is

Consiliul Judetean Bihor 6.31% 2027 (BIH27) is a municipal bond issued by the Consiliul Judetean Bihor and listed on the Bucharest Stock Exchange (BVB). It pays a fixed 6.31% coupon in RON and matures on Dec 15, 2027. The bond is part of the municipal sector and is denominated in RON, making it a local-currency instrument for investors seeking regular income from public-sector issuers. In the broader context of Romanian municipal bonds, BIH27 sits alongside peers such as Municipiul Bistrita 6.49% 2029 (BIS29) and Municipiul Zalau 6.37% 2030 (ZAL30), which also offer fixed coupons and public-sector backing.

Key numbers explained

• 6.31% coupon: the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Dec 15, 2027 maturity: the date when the issuer repays the principal and the bond ceases to exist.
• RON denomination: the bond's cash flows (coupons and principal) are paid in Romanian lei.
• Bucharest Stock Exchange (BVB): the market where BIH27 is traded, providing price discovery and liquidity.
• Municipal bond type: a debt instrument issued by a local government entity, typically backed by public revenues or taxes.
• ISIN ROBIHRDBL013: the unique international identifier used to distinguish this bond from others.

What to watch

• Interest rate movements: changes in general interest rates can affect the market price of fixed-coupon bonds like BIH27.
• Issuer credit quality: the financial health of the Consiliul Judetean Bihor influences the bond's risk profile.
• Liquidity on BVB: trading volume and bid-ask spreads can vary, affecting execution costs.
• Currency exposure: since BIH27 is denominated in RON, investors should be aware of RON fluctuations relative to their base currency.
• Peer comparison: investors often compare BIH27 with similar municipal bonds such as Municipiul Bucuresti 8.47% 2031 (PMB31) or Municipiul TG. Mures 6.44% 2027 (TGM27) to assess relative value.