Fidelis EUR 1.8% 2026 (R2612AE) Bond — Price, Coupon & Yield

What R2612AE is

Fidelis EUR 1.8% 2026 (R2612AE) is a Romanian government bond issued by the Ministry of Finance (Ministerul Finantelor) and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in EUR. The bond pays a fixed coupon of 1.8% and matures on Dec 15, 2026, with 0.2 years remaining to maturity as of the latest data. It is part of the broader Fidelis government bond lineup, which includes peers such as Fidelis EUR 5% 2029 (R2909BE) and Fidelis RON 5.9% 2028 (R2803c).

Key numbers explained

• Price: 99.78% — the bond trades slightly below its nominal (face) value, meaning you would pay 99.78 for every 100 of nominal value.
• Coupon: 1.8% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's nominal value.
• Estimated yield to maturity: 2.8% — the yield to maturity is the total return you would earn if you bought the bond today at 99.78% and held it until maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 0.2 — a short remaining horizon, which typically means the bond's price is more sensitive to the current interest rate environment than to distant cash flows.
• Price change today: +0.03% — a small intraday move, indicating modest trading activity.
• Bond currency: EUR — all cash flows (coupon and principal) are received in euros, which may be relevant for investors managing currency exposure.

What to watch

• Interest rate movements: bond prices generally move inversely to interest rates; even small rate changes can affect short-dated bonds like this one.
• Issuer credit quality: as a government bond, the credit risk is tied to the issuing country's fiscal position and policy decisions.
• Currency risk: since the bond is denominated in EUR, investors not holding euros may face exchange rate fluctuations.
• Liquidity and trading volume: the size and frequency of trades on the BVB can affect how easily positions are entered or exited.
• Reinvestment risk: with a short maturity and a 1.8% coupon, the ability to reinvest coupon payments at comparable rates may be limited.

For a broader view of the Fidelis bond family, see the Bonds directory.