Municipiul Orastie 6.64% 2029 (ORS29) Bond — Price, Coupon & Yield

What ORS29 is

Municipiul Orastie 6.64% 2029 (ORS29) is a municipal bond issued by the municipality of Orastie and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 6.64% per year and is denominated in RON. The bond matures on May 15, 2029, with 2.6 years remaining until maturity. At the current price of 99.25%, the estimated yield to maturity is 6.95%.

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: 6.64% — the annual interest payment as a percentage of face value; for each 100 RON nominal, the holder receives 6.64 RON per year.
• Estimated yield to maturity: 6.95% — the yield to maturity reflects the total return if the bond is bought at 99.25% and held to May 15, 2029, assuming all coupons are reinvested at the same rate.
• Years to maturity: 2.6 — the remaining time until the principal is repaid, which places ORS29 in the short-to-medium maturity segment of the municipal bond market.
• Price change today: 0% — the bond's price has not moved today, indicating stable trading at the current level.
• Sector: Municipal — as a municipal bond, ORS29 is part of the local-government debt universe, which can be compared with peers such as Municipiul Bacau 6.613% 2026 (BAC26A) or Municipiul Slobozia 6.66% 2029 (SLB29).

What to watch

• Interest rate movements — rising rates typically push bond prices down, while falling rates lift them; the short 2.6-year horizon limits this sensitivity.
• Issuer credit quality — changes in the municipality's fiscal position or credit rating can affect the bond's price and yield to maturity.
• Coupon reinvestment — the realized return depends on the rate at which the 6.64% coupon payments are reinvested over the remaining 2.6 years.
• Liquidity — trading volume on the BVB can affect the ease and cost of buying or selling ORS29.
• Peer comparison — investors often compare ORS29 with similar municipal issues like Municipiul Resita 6.047% 2033 (RES33E) or Municipiul TG. Mures 6.44% 2027 (TGM27A) to contextualize its yield and maturity profile.
• Currency exposure — as a RON-denominated bond, ORS29 carries local-currency risk, which is relevant for investors holding portfolios in other currencies.