Fidelis EUR 3.75% 2027 (R2703AE) Bond — Price, Coupon & Yield

What R2703AE is

Fidelis EUR 3.75% 2027 (R2703AE) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in EUR, making it a straightforward way to gain exposure to Romanian sovereign credit in a single-currency portfolio. Within the InvestPane bond universe, it sits alongside peers such as Fidelis RON 8.2% 2027 (R2709B), Fidelis RON 7.8% 2030 (R3005A), Fidelis RON 7.7% 2031 (R3111A), Fidelis RON 6.85% 2027 (R2707A), Fidelis RON 6.3% 2028 (R2808A), Fidelis RON 7.65% 2029 (R2908C), and Fidelis RON 7.5% 2036 (R3608A), which together form the core of the Fidelis retail line.

Key numbers explained

• Price: 100% — the bond is trading at par, meaning its market price equals its face value; a price above 100% would indicate a premium, while below 100% would indicate a discount.
• 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: 3.75% — the yield to maturity is the total return an investor would earn if the bond is held to maturity, assuming all coupons are reinvested at the same rate; here it matches the coupon because the price is at par.
• Maturity: Mar 19, 2027 — the date when the issuer repays the final coupon and the principal (face value) to the bondholder.
• Years to maturity: 0.5 — the remaining time until maturity, expressed in years; a short horizon like this means the bond's price is relatively less sensitive to interest-rate changes than longer-dated bonds.
• Price change today: +0.29% — the intraday percentage move in the bond's market price.
• Bond currency: EUR — all cash flows (coupon payments and principal repayment) are made in euros.

What to watch

• Interest rates: bond prices and yields move inversely; when benchmark rates rise, existing fixed-coupon bonds like R2703AE tend to fall in price, and vice versa.
• Issuer credit quality: changes in Romania's sovereign credit outlook can affect the perceived risk and pricing of Fidelis retail bonds.
• Currency exposure: because R2703AE is denominated in EUR, investors should consider how EUR fluctuations against their home currency affect the total return.
• Reinvestment risk: with a short remaining maturity, the coupons received near the end of the bond's life will need to be reinvested at then-prevailing rates.
• Liquidity and market conditions: trading volume on the BVB and broader market sentiment can influence bid-ask spreads and execution costs.