Fidelis RON 7.25% 2026 (R2612A) Bond — Price, Coupon & Yield

What R2612A is

Fidelis RON 7.25% 2026 (R2612A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail series, meaning it was offered to individual investors, and it is denominated in RON. The bond pays a fixed 7.25% coupon and matures on Dec 20, 2026, making it a short-dated instrument with 0.2 years remaining to maturity. In the Fidelis family, it sits alongside peers such as Fidelis RON 7% 2029 (R2908A), Fidelis RON 6.85% 2030 (R3007A), and Fidelis RON 8.2% 2027 (R2708b), which differ mainly in coupon and maturity.

Key numbers explained

• Price: 100.15% — the bond trades just above par, meaning you pay slightly more than the nominal value for each unit of face value.
• Coupon: 7.25% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 6.61% — the yield to maturity is the total return you would earn if you bought the bond at the current price and held it to maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 0.2 — roughly two months remain until the issuer repays the principal, so price sensitivity to interest-rate changes is very low.
• Price change today: 0% — the market price has not moved on the current trading day.
• Bond currency: RON — all cash flows (coupons and principal) are in Romanian lei.

What to watch

• The remaining time to maturity, which is only 0.2 years, means the bond's price will converge toward par as the redemption date approaches.
• The fixed 7.25% coupon is set relative to the market environment at issuance; subsequent interest-rate moves affect the bond's secondary-market price and the yield to maturity of new buyers.
• As a government-issued instrument, credit risk is tied to the issuer, Ministerul Finantelor, and to Romania's overall fiscal and monetary conditions.
• Investors often compare R2612A with other Fidelis retail bonds such as Fidelis EUR 3.75% 2029 (R2901ae) or Fidelis EUR 4.15% 2028 (R2810ce) to understand how currency and maturity affect expected returns.
• The bond's liquidity on the Bucharest Stock Exchange (BVB) can affect how easily it can be bought or sold at the quoted price.