Primaria Orasului Navodari 6.0083% 2027 (NAV27) Bond — Price, Coupon & Yield
Price
99.25%
0%
Key statistics
| Type | Municipal bond |
|---|---|
| Issuer | Primaria Orasului Navodari |
| Price (% of face value) | 99.25% |
| Coupon | 6.01% |
| Maturity | Oct 22, 2027 |
| Years to maturity | 1.1 |
| Est. yield to maturity | 6.73% |
| Currency | RON |
| ISIN | RONVDRDBL028 |
| Exchange | BVB |
Yield to maturity is an approximation assuming the bond is held to maturity and repaid at 100% of face value.
Overview
What NAV27 is
Primaria Orasului Navodari 6.0083% 2027 (NAV27) is a municipal bond issued by the local administration of Navodari and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon and is denominated in RON, making it a typical instrument for investors seeking regular income from Romanian public-sector entities. In the InvestPane bond directory, NAV27 sits alongside peers such as Municipiul TG. Mures 6.44% 2027 (TGM27), Municipiul Bucuresti 7.33% 2032 (PMB32), and Municipiul Bucuresti 8.47% 2031 (PMB31), all of which are municipal bonds with similar profiles.
Key numbers explained
- Price 99.25%: the bond trades slightly below par, meaning you pay 99.25 RON for every 100 RON of face value.
- Coupon 6.01%: the annual interest rate paid by the issuer, expressed as a percentage of the face value.
- Estimated yield to maturity 6.73%: the yield to maturity reflects the total return if you buy at the current price and hold to maturity, accounting for both coupon payments and the small capital gain from the discount.
- Maturity Oct 22, 2027: the date when the issuer repays the face value and the bond ceases to exist.
- Years to maturity 1.1: the bond has roughly 1.1 years left until maturity, which limits the time over which coupon payments are received.
- Price change today 0%: the last recorded trading session showed no price movement.
- Sector Municipal: the issuer is a municipal government, so the bond is exposed to local fiscal conditions rather than corporate or sovereign credit dynamics.
What to watch
- Interest rate movements: when benchmark rates rise, existing fixed-coupon bonds like NAV27 can lose value, and vice versa.
- Issuer credit quality: changes in the financial health of Primaria Orasului Navodari can affect the bond's perceived risk and price.
- Liquidity on BVB: trading volume in municipal bonds can be thin, which may affect execution prices and the ease of entering or exiting positions.
- Remaining time to maturity: with only 1.1 years left, NAV27 is sensitive to near-term rate and credit developments, similar to short-dated peers like Consiliul Judetean Alba 6.64% 2026 (ALB26) or Municipiul Bacau 6.613% 2026 (BAC26B).
- Currency exposure: as a RON-denominated bond, NAV27 carries local currency risk for investors based outside Romania.
Latest news & filings
No recent headlines.
Frequently asked questions
Does NAV27 pay a dividend?
No. NAV27 is a bond, not a share, so it pays a fixed coupon rather than a dividend.
What is the NAV27 P/E ratio?
The P/E ratio is a metric used for equities and does not apply to bonds like NAV27.
Where can I buy NAV27?
NAV27 trades on the Bucharest Stock Exchange (BVB) under the symbol NAV27.
What is the current price of NAV27?
The last recorded price is 99.25% of face value.
When does NAV27 mature?
NAV27 matures on Oct 22, 2027.
What is the coupon rate of NAV27?
The coupon rate is 6.01% per year.
Related
More on NAV27
Track NAV27 in your portfolio
Hold NAV27 at XTB, IBKR, Tradeville, Revolut or Trading 212? InvestPane brings every broker into one dashboard — allocation, performance and dividends in one place.
Start free