Fidelis RON 6.75% 2027 (R2703A) Bond — Price, Coupon & Yield

What R2703A is

Fidelis RON 6.75% 2027 (R2703A) 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 RON, meaning it is designed for individual investors and pays interest in Romanian lei. The bond is part of the Government (Fidelis) sector and trades under the symbol R2703A with ISIN ROFO4YBT7LL8. It is often compared with other Fidelis retail issues such as Fidelis RON 3.65% 2031 (B3109A) or Fidelis RON 7.2% 2027 (R2708a), which differ mainly in coupon and maturity.

Key numbers explained

• Price 100%: The bond is trading at par, meaning its market price equals its nominal value.
• Coupon 6.75%: The annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity 6.75%: The yield to maturity is the total return an investor would earn if the bond is held to maturity and all coupons are reinvested at the same rate; at the current price, it matches the coupon.
• Maturity Mar 6, 2027: The date when the issuer repays the nominal value and the final coupon is paid.
• Years to maturity 0.4: A short remaining term, indicating the bond will mature in roughly five months.
• Price change today -0.25%: The bond's price has fallen slightly by 0.25% on the current trading day.

What to watch

Bond prices generally move in the opposite direction of interest rates, so changes in the monetary policy environment can affect R2703A's market price. Because the bond has a short remaining term, its price is typically less sensitive to interest-rate shifts than longer-dated issues. Investors also monitor the issuer's credit profile and overall local market liquidity, which can influence bid-ask spreads and trading volume. For broader context, the Bonds directory lists other available issues across sectors and maturities.