Municipiul Focsani 6.59% 2026 (FOC26) Bond — Price, Coupon & Yield

What FOC26 is

Municipiul Focsani 6.59% 2026 (FOC26) is a municipal bond issued by the city of Focsani and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 6.59% per year and is set to mature on Nov 15, 2026, making it a short-dated instrument with 0.1 years remaining until maturity. The bond is denominated in RON and trades under the ISIN ROFOCSDBL011.

Key numbers explained

• Price: 99.25% — the bond is trading slightly below par, meaning you pay 99.25 RON for every 100 RON of face value.
• Yield to maturity of 11.89% — if you buy at the current price and hold until maturity, the total annualised return (including the coupon and the small capital gain from the price difference) is estimated at 11.89%.
• Coupon: 6.59% — the annual interest payment as a percentage of the bond's face value.
• Maturity: Nov 15, 2026 — the date when the issuer repays the face value and the bond ceases to exist.
• Years to maturity: 0.1 — a very short remaining life, which typically limits the impact of interest-rate moves on price.
• Price change today: 0% — the bond's price has not moved on the current trading session.

What to watch

Municipal bonds like FOC26 are sensitive to changes in local government finances and the broader interest-rate environment. Because it has a short time to maturity, its price will be less volatile than longer-dated bonds, but the yield reflects the current market pricing of credit and rate expectations. Investors often compare FOC26 with peers such as Municipiul Iasi 6.405% 2028 (IAS28) or Municipiul Iasi 6.425% 2028 (IAS28A) to gauge relative value within the municipal segment. The Bonds directory provides a broader view of available instruments.