Municipiul Bucuresti 8.47% 2031 (PMB31) Bond — Price, Coupon & Yield

What PMB31 is

Municipiul Bucuresti 8.47% 2031 (PMB31) is a municipal bond issued by the Municipality of Bucharest and listed on the Bucharest Stock Exchange (BVB). It pays a fixed 8.47% coupon in RON and matures on Apr 23, 2031. The bond is part of the Municipiul Bucuresti 8.9% 2030 (PMB30) family of local-government issues, which investors use to gain exposure to Romanian municipal credit.

Key numbers explained

• Coupon: 8.47% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Maturity: Apr 23, 2031 — the date when the issuer repays the final principal installment and the bond ceases to exist.
• Bond currency: RON — all coupon payments and the principal repayment are made in Romanian lei.
• Issuer: Municipiul Bucuresti — the municipal government of Bucharest, which backs the bond with its public finances.
• Market: Bucharest Stock Exchange (BVB) — the exchange where PMB31 is traded and where investors can check real-time prices.
• Sector: Municipal / bondType: municipal bond — the classification signals that the issuer is a local government entity rather than a corporation or sovereign state.

What to watch

• Yield to maturity and secondary-market price: the bond's total return depends on both the fixed 8.47% coupon and the price at which it trades today.
• Local-government fiscal developments: changes in Bucharest's revenue, expenditure, or debt strategy can affect the issuer's credit profile.
• Interest-rate environment: rising rates typically put downward pressure on bond prices, while falling rates can lift them.
• Liquidity on the BVB: trading volume and bid-ask spreads can vary, affecting execution costs for buyers and sellers.
• Comparison with peers such as Municipiul Bucuresti 7.33% 2032 (PMB32), Judetul Cluj 5.857% 2033 (CJC33E), and Municipiul Iasi 6.425% 2028 (IAS28A) can help frame PMB31's coupon and maturity within the broader municipal bond landscape.