Municipiul Bucuresti 8.9% 2030 (PMB30) Bond — Price, Coupon & Yield

What PMB30 is

Municipiul Bucuresti 8.9% 2030 (PMB30) is a municipal bond issued by the Municipality of Bucharest and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 8.9% annually and is denominated in RON. The bond matures on Apr 25, 2030, leaving 3.6 years to maturity at the time of this writing. Municipal bonds like PMB30 are typically used by local governments to finance public projects, and they are often compared with other Romanian municipal issues such as Municipiul Bacau 6.613% 2026 (BAC26A) or Consiliul Judetean Alba 6.64% 2026 (ALB26).

Key numbers explained

• Price: 100% — The bond trades at par, meaning its market price equals its face value; the investor pays 100 RON for each 100 RON nominal.
• Coupon: 8.9% — The annual interest payment is 8.9% of the nominal value, paid by the issuer until maturity.
• Estimated yield to maturity if bought at the current price: 8.9% — Yield to maturity is the total return expected if the bond is held to maturity and all coupons are reinvested at the same rate; here it matches the coupon because the price is at par.
• Maturity: Apr 25, 2030 — The date when the issuer repays the final coupon and the principal (face value) to the bondholder.
• Years to maturity: 3.6 — The approximate time remaining until the bond reaches its maturity date.
• Price change today: -4.22% — The bond's market price has fallen by 4.22% relative to the previous trading session.

What to watch

• Interest rate movements: when market rates rise, existing bond prices tend to fall, and vice versa.
• Issuer credit quality: changes in the municipality's fiscal position or outlook can affect perceived risk and price.
• Liquidity: trading volume on the BVB can vary, affecting how easily positions can be entered or exited.
• Comparable yields: investors often look at peer municipal bonds like Municipiul Zalau 6.37% 2030 (ZAL30) or Primaria Municipiului Alba Iulia 6.49% 2027 (ALB27) for context.
• Coupon reinvestment risk: the realized return depends on the rate at which interim coupon payments can be reinvested.