Fidelis EUR 3.75% 2026 (R2612BE) Bond — Price, Coupon & Yield

What R2612BE is

Fidelis EUR 3.75% 2026 (R2612BE) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a retail Fidelis issue denominated in EUR, with a fixed coupon of 3.75% and a maturity date of Dec 23, 2026. As of the latest data, the bond trades at 100.2% of face value, with a price change today of 0%. It belongs to the Government (Fidelis) sector and is part of the broader Fidelis RON 8.35% 2027 (R2706B) family of retail government bonds, though that peer is denominated in RON rather than EUR.

Key numbers explained

• Price: 100.2% — the bond is trading slightly above its nominal (par) value, meaning you pay a small premium for each 100 face value unit.
• Coupon: 3.75% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity if bought at the current price: 2.94% — the yield to maturity is the total annualised return you would earn if you bought the bond today at 100.2%, held it to maturity, and reinvested coupons at the same rate; because you pay a premium, the yield is lower than the coupon.
• Maturity: Dec 23, 2026 — the date when the issuer repays the final principal; with yearsToMaturity: 0.2, the bond has roughly two months remaining until maturity.
• yearsToMaturity: 0.2 — a short remaining horizon, which typically means the bond's price is less sensitive to interest-rate moves than longer-dated issues such as Fidelis EUR 3.75% 2029 (R2901AE).
• Price change today: 0% — the bond's quoted price has not moved today, indicating stable trading around the 100.2% level.

What to watch

• Interest-rate environment: bond prices and yields move inversely; rising rates tend to push prices down, while falling rates tend to lift them.
• Issuer credit quality: as a Romanian government bond, the bond's value can be influenced by the issuer's fiscal position and sovereign credit ratings.
• Currency exposure: because the bond is denominated in EUR, investors are exposed to EUR vs. their home currency fluctuations, which can affect the real return.
• Time to maturity: with only 0.2 years left, the bond's price will converge toward par as the Dec 23, 2026 maturity approaches, reducing price volatility.
• Peer comparisons: investors often compare this bond with other Fidelis issues such as Fidelis RON 6.3% 2028 (R2808A) or Fidelis EUR 6.3% 2035 (R3511ae) to understand relative value across maturities and currencies.