Municipiul Iasi 6.425% 2028 (IAS28A) Bond — Price, Coupon & Yield

What IAS28A is

Municipiul Iasi 6.425% 2028 (IAS28A) is a municipal bond issued by the city of Iasi and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 6.43% and matures on Nov 15, 2028, with 2.1 years remaining until maturity. The bond is denominated in RON and trades under the ISIN ROIASIDBL029. In the InvestPane universe it sits alongside other Romanian municipal issues such as Municipiul Bacau 6.625% 2026 (BAC26), Primaria Orasului Oravita 7.08% 2027 (ORV27), and Municipiul Bucuresti 8.9% 2030 (PMB30), which can serve as useful points of comparison for investors exploring the local government bond space.

Key numbers explained

• Price: 99.25% — the bond is trading just below par, meaning you pay slightly less than the face value for each unit.
• Coupon: 6.43% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 6.8% — the yield to maturity reflects the total return you would earn if you bought the bond today at 99.25% and held it to Nov 15, 2028, assuming all coupons are reinvested at the same rate.
• Price change today: -0.75% — the bond's market price has fallen by 0.75% on the current trading day.
• Years to maturity: 2.1 — with roughly two years left, the bond has a relatively short horizon, which typically means less sensitivity to interest-rate swings than longer-dated issues.
• Bond currency: RON — all cash flows (coupons and principal) are paid in Romanian lei.

What to watch

• Interest rate movements — when benchmark rates rise, existing bond prices tend to fall, and vice versa; this is especially relevant for shorter-dated bonds like IAS28A.
• Issuer credit quality — changes in the municipality's fiscal position or local economic conditions can affect perceived risk and, consequently, the bond's price.
• Liquidity and trading volume — lower liquidity on the BVB can lead to wider bid-ask spreads and more volatile day-to-day price moves.
• Reinvestment risk — as coupons are paid, the return you actually realize depends on the rates available when you reinvest them.
• Comparison with peers — investors often look at similar municipal bonds such as Municipiul Bacau 6.613% 2026 (BAC26A), Municipiul Bacau 6.613% 2026 (BAC26B), Municipiul TG. Mures 6.44% 2027 (TGM27A), and Primaria Orasului Navodari 6.0083% 2027 (NAV27) to contextualise IAS28A's yield and price behaviour.