Municipiul Bucuresti 5.6% 2028 (PMB28) Bond — Price, Coupon & Yield

What PMB28 is

Municipiul Bucuresti 5.6% 2028 (PMB28) is a municipal bond issued by the Municipality of Bucharest and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 5.6% in RON and matures on Apr 23, 2028, with 1.6 years remaining until maturity. The bond trades under the symbol PMB28 and ISIN ROPMBUDBL053. In the context of Romanian municipal debt, it is comparable to other local-government issues such as Municipiul TG. Mures 6.44% 2027 (TGM27) or Municipiul Iasi 6.405% 2028 (IAS28), which also appear in the Bonds directory.

Key numbers explained

• Price: 97.6% — the bond is currently quoted at 97.6% of its face value, meaning it trades at a discount to par.
• Coupon: 5.6% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 7.21% — the yield to maturity is the total annualised return an investor would earn if the bond is bought at the current price and held to maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 1.6 — the remaining time until the issuer repays the principal, which is relatively short for a bond.
• Price change today: 0% — the bond's quoted price has not moved today, indicating stable trading.
• Bond currency: RON — all cash flows (coupons and principal) are denominated in Romanian lei.

What to watch

For municipal bonds like PMB28, investors typically monitor the issuer's fiscal position and local government financing conditions. The short remaining maturity of 1.6 years means the bond's price is primarily driven by the final coupon and principal repayment, with less sensitivity to long-term interest rate shifts compared with longer-dated issues. General factors include changes in the local interest rate environment, liquidity in the BVB municipal segment, and developments in the broader Bonds directory segment where similar Romanian municipal issues such as Municipiul Bacau 6.613% 2026 (BAC26B) or Judetul Cluj 5.857% 2033 (CJC33E) also trade.