Fidelis EUR 3.6% 2027 (R2704AE) Bond — Price, Coupon & Yield

What R2704AE is

Fidelis EUR 3.6% 2027 (R2704AE) 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. The bond pays a fixed 3.6% coupon and matures on Apr 16, 2027, with 0.6 years remaining to maturity. It is part of the broader Fidelis retail issuance programme, which includes peers such as Fidelis EUR 5% 2029 (R2910AE), Fidelis EUR 3.75% 2029 (R2901AE), and Fidelis EUR 4% 2029 (R2906AE).

Key numbers explained

• Price: 100.25% — the bond trades just above par (100), meaning you pay a small premium relative to the nominal amount.
• Coupon: 3.6% — the annual interest paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 3.15% — the yield to maturity is the total return you would earn if you bought the bond today at 100.25% and held it to maturity, assuming all coupons are reinvested at the same rate.
• Maturity: Apr 16, 2027 — the date when the issuer repays the nominal amount and the final coupon.
• Years to maturity: 0.6 — roughly seven months remain until the bond reaches maturity.
• Price change today: +0.05% — the bond’s price moved up slightly on the current trading session.

What to watch

• Interest rate movements in the Eurozone can influence the price of EUR-denominated government bonds like R2704AE.
• Romania’s fiscal policy and credit outlook may affect sentiment toward government retail bonds, including the Fidelis series.
• Liquidity on the Bucharest Stock Exchange (BVB) can vary, which may affect execution costs for retail investors.
• The short remaining maturity (0.6 years) means the bond’s price will converge toward par as the maturity date approaches.
• For investors comparing Fidelis retail bonds, the Bonds directory provides a consolidated view of available issues.