Primaria Orasului Oravita 7.08% 2027 (ORV27) Bond — Price, Coupon & Yield

What ORV27 is

Primaria Orasului Oravita 7.08% 2027 (ORV27) is a municipal bond issued by the local administration of Orastie and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 7.08% and matures on Jun 15, 2027, making it a short-dated Romanian government-type instrument. It is part of the broader municipal bond universe tracked on InvestPane, alongside peers such as Municipiul Orastie 6.64% 2029 (ORS29) and Municipiul Bucuresti 7.33% 2032 (PMB32).

Key numbers explained

• Price: 96.11% — the bond trades below its nominal value, so you pay 96.11 RON for every 100 RON face amount.
• Coupon: 7.08% — the annual interest paid as a percentage of the nominal value.
• Estimated yield to maturity: 12.71% — the yield to maturity reflects the total return you would earn if you bought at the current price and held to maturity, incorporating both the coupon and the capital gain from the discount.
• Years to maturity: 0.7 — roughly 8.4 months remain until the Jun 15, 2027 maturity date.
• Price change today: -5.77% — the bond's market price moved down by 5.77% on the current trading session.
• Bond currency: RON — all cash flows (coupon and principal) are denominated in Romanian lei.

What to watch

Municipal bonds like ORV27 are sensitive to changes in local government finances and broader interest rates. Because the bond has less than one year to maturity, its price is heavily influenced by the proximity of the redemption date and the discount to par. Investors typically monitor the issuer's credit profile, the local budget outlook, and overall BVB liquidity. Comparable instruments such as Primaria Municipiului Alba Iulia 6.49% 2027 (ALB27) and Municipiul Bistrita 6.49% 2029 (BIS29) can provide context for relative pricing.