Fidelis EUR 3.4% 2027 (R2707AE) Bond — Price, Coupon & Yield

What R2707AE is

Fidelis EUR 3.4% 2027 (R2707AE) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a Fidelis retail issue, meaning it was offered to individual investors, and it belongs to the Government (Fidelis) sector. The bond pays a fixed 3.4% coupon in EUR and matures on Jul 16, 2027, with 0.8 years remaining to maturity. At the current price of 100%, its estimated yield to maturity is 3.4%. Within the Fidelis family, it sits alongside peers such as Fidelis EUR 4% 2029 (R2908CE) and Fidelis EUR 5% 2029 (R2907AE), which have different coupons and maturities.

Key numbers explained

• Price: 100% — the bond trades at par, meaning you pay 100 units of face value for each 100 units of nominal value.
• Coupon: 3.4% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 3.4% — the yield to maturity is the total return you would earn if you hold the bond to maturity and reinvest coupons at the same rate; here it matches the coupon because the price is at par.
• Maturity: Jul 16, 2027 — the date when the issuer repays the final coupon and the face value.
• Years to maturity: 0.8 — roughly 10 months remain until the bond reaches its maturity date.
• Price change today: 0% — the bond's price has not moved today relative to the previous close.
• Bond currency: EUR — all cash flows (coupon and principal) are denominated in euros.

What to watch

• Interest rate movements in the euro area, which can affect the market price of fixed-coupon bonds like R2707AE.
• Romania's sovereign credit developments, since the issuer is the Romanian government.
• The remaining time to maturity, which shortens as the Jul 16, 2027 date approaches and can influence price sensitivity.
• The EUR/USD exchange rate for investors holding the bond in a different currency.
• The broader availability of Fidelis retail bonds, including Fidelis RON 6.85% 2027 (R2704A) and Fidelis RON 6.15% 2028 (R2802C), which may affect relative demand.
• Liquidity conditions on the Bucharest Stock Exchange (BVB), which can impact how easily the bond can be bought or sold.