Fidelis RON 6.85% 2027 (R2704A) Bond — Price, Coupon & Yield

What R2704A is

Fidelis RON 6.85% 2027 (R2704A) is a Romanian government bond issued by the Ministerul Finantelor and traded on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in RON. On the page you can compare it with peers such as Fidelis RON 7.1% 2030 (R3001A), Fidelis RON 7% 2030 (R3005C), Fidelis RON 7.6% 2028 (R2804B), and Fidelis RON 7.9% 2027 (R2712B), or with foreign-currency Fidelis issues like Fidelis EUR 6.3% 2036 (R3608AE), Fidelis EUR 3.5% 2029 (R2903CE), and Fidelis EUR 3.1% 2027 (R2708AE).

Key numbers explained

• Price 99.88%: the bond is trading just below par (100), meaning you pay slightly less than the nominal value for each unit of face value.
• Coupon 6.85%: the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity 7.06%: the yield to maturity is the total annualised 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.
• Price change today -0.22%: the bond’s market price moved down by 0.22% on the current trading day.
• Maturity Apr 22, 2027: the date on which the issuer repays the nominal value and the last coupon is paid.
• Years to maturity 0.6: there are roughly six months remaining until maturity, which keeps interest-rate sensitivity low.
• Bond currency RON: all cash flows (coupons and principal) are in Romanian lei.

What to watch

• Interest rates: when market rates rise, existing bond prices tend to fall, and vice versa; with a short time to maturity, this effect is modest for R2704A.
• Issuer credit quality: as a government bond, R2704A is backed by the Romanian state, but changes in fiscal policy or sovereign ratings can influence sentiment.
• Currency risk for foreign investors: because the bond is denominated in RON, exchange-rate movements against your home currency can affect your total return.
• Liquidity and trading volume: on the BVB, trading activity can vary; check the Bonds directory for broader market context.