Fidelis EUR 3.9% 2027 (R2706AE) Bond — Price, Coupon & Yield

What R2706AE is

Fidelis EUR 3.9% 2027 (R2706AE) is a Romanian government bond issued by the 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 3.9% coupon and matures on Jun 19, 2027, with 0.7 years remaining to maturity. It is part of the broader Fidelis family of retail bonds, which also includes instruments such as Fidelis RON 8.2% 2027 (R2708B) and Fidelis RON 7.5% 2031 (R3112A), offering investors a range of maturities and currencies within the same government programme.

Key numbers explained

• Price 100.12%: the bond trades just above par, meaning you pay slightly more than the face value for each unit.
• Coupon 3.9%: the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity 3.73%: the yield to maturity is the total 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.
• Years to maturity 0.7: the bond has less than one year left until the redemption date, so its price is sensitive mainly to the final coupon and principal payment.
• Price change today 0%: the bond closed unchanged on the current trading session.
• Bond currency EUR: all cash flows (coupons and principal) are paid in euros.

What to watch

For a short-dated government bond like Fidelis EUR 3.9% 2027 (R2706AE), the main factors are the remaining coupon payments, the redemption value at maturity, and the credit quality of the issuer, Ministerul Finantelor. Because the bond is near maturity, its price will tend to move toward par as the maturity date approaches, assuming no change in credit conditions. Investors often compare it with other Fidelis retail bonds, such as Fidelis RON 7.35% 2029 (R2911A) or Fidelis RON 6.15% 2028 (R2802C), to understand how currency and maturity affect yield and risk. General considerations include interest rate movements, inflation expectations, and the fiscal outlook of the Romanian government.