Judetul Cluj 5.857% 2033 (CJC33E) Bond — Price, Coupon & Yield

What CJC33E is

Judetul Cluj 5.857% 2033 (CJC33E) is a municipal bond issued by Judetul Cluj and listed on the Bucharest Stock Exchange (BVB). It belongs to the Municipal sector and is denominated in EUR. Municipal bonds are debt instruments used by local governments to finance public projects; investors lend money to the issuer in exchange for regular coupon payments and the return of principal at maturity. CJC33E sits alongside other Romanian municipal issues such as Consiliul Judetean Timis 6.31% 2028 (TIM28), Municipiul Bistrita 6.49% 2029 (BIS29), Primaria Orasului Oravita 7.08% 2027 (ORV27), Primaria Orasului Siret 7.27% 2028 (SRE28), Municipiul Bucuresti 5.6% 2028 (PMB28), Municipiul TG. Mures 6.44% 2027 (TGM27), and Municipiul Zalau 6.37% 2030 (ZAL30), which can be explored in the Bonds directory.

Key numbers explained

• Price: 105% — the bond trades at 105% of its face value, meaning it costs more than the amount that will be repaid at maturity; this typically happens when the coupon is attractive relative to current market rates.
• Coupon: 5.86% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Maturity: Dec 21, 2033 — the date when the issuer repays the face value and the bond ceases to exist.
• Years to maturity: 7.2 — the approximate time remaining until the maturity date, a common measure of a bond's duration profile.
• Estimated yield to maturity if bought at the current price: 5.04% — the yield to maturity is the total annualised return an investor would earn if the bond is held to maturity, assuming all coupons are reinvested at the same rate; it is lower than the coupon because the purchase price is above par.
• Price change today: +5% — the intraday percentage move in the bond's price on the BVB.

What to watch

Municipal bond prices are influenced by changes in interest rates, issuer credit quality, and broader market sentiment. When benchmark rates rise, existing bonds with lower coupons can become less attractive, which may put downward pressure on their price. Conversely, falling rates can lift prices. For CJC33E, the issuer's fiscal position and any developments in local public finance are relevant factors. Investors also monitor the spread between this bond's yield and other Romanian municipal issues, such as Consiliul Judetean Timis 6.31% 2028 (TIM28) or Municipiul Bistrita 6.49% 2029 (BIS29), to understand relative value within the sector.