Municipiul Iasi 6.405% 2028 (IAS28) Bond — Price, Coupon & Yield

What IAS28 is

Municipiul Iasi 6.405% 2028 (IAS28) is a municipal bond issued by the local administration of Iasi and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon and is denominated in RON, making it a typical entry point for investors looking at Romanian local-government debt. In the broader municipal universe it sits alongside names such as Consiliul Judetean Bihor 6.31% 2027 (BIH27), Municipiul Orastie 6.64% 2029 (ORS29), and Municipiul Bacau 6.613% 2026 (BAC26A), which are other Romanian municipal issues tracked on InvestPane.

Key numbers explained

• Price 98.5%: the bond trades at 98.5% of its nominal value, so you pay slightly less than the face amount.
• Coupon 6.41%: the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity 7.16%: the yield to maturity you would earn if you bought the bond today at 98.5% and held it to Nov 15, 2028, assuming all coupons are reinvested at the same rate.
• Maturity Nov 15, 2028: the date when the issuer repays the nominal value and the bond ceases to exist.
• Years to maturity 2.1: roughly the remaining time until maturity, which is relatively short for a bond.
• Price change today +1.03%: the intraday move in the bond's quoted price.

What to watch

• Interest rate movements: when market rates rise, existing bond prices tend to fall, and vice versa.
• Issuer credit quality: changes in the municipality's fiscal position can affect perceived risk and price.
• Liquidity: municipal bonds on the BVB can trade with moderate volume, so execution may vary.
• Currency exposure: as the bond is denominated in RON, exchange-rate moves matter for non-RON investors.
• Peer context: investors often compare IAS28 with Municipiul TG. Mures 6.44% 2027 (TGM27A), Municipiul Bistrita 6.49% 2029 (BIS29), and Municipiul Bacau 6.613% 2026 (BAC26B) to gauge relative value within the municipal sector.