Fidelis EUR 3.1% 2027 (R2708AE) Bond — Price, Coupon & Yield

What R2708AE is

Fidelis EUR 3.1% 2027 (R2708AE) is a Romanian government bond issued by Ministerul Finantelor under the Fidelis retail programme. It is listed on the Bucharest Stock Exchange (BVB) and denominated in EUR, with a fixed coupon of 3.1% paid until maturity on Aug 13, 2027. At the time of writing, the bond trades at 99.43% of face value, implying a slight discount to par. It belongs to the Government (Fidelis) sector and is part of the broader Fidelis family of retail bonds, which includes peers such as Fidelis EUR 5% 2029 (R2908BE) and Fidelis EUR 6.5% 2035 (R3510ae).

Key numbers explained

• Price: 99.43% — the market quotes the bond as a percentage of its nominal (face) value; 99.43% means you pay slightly less than the amount you will receive at maturity.
• Price change today: +0.23% — the bond's quoted level has risen by 0.23% on the current trading session.
• Coupon: 3.1% — the annual interest rate paid by the issuer, expressed as a percentage of nominal value.
• Estimated yield to maturity if bought at the current price: 3.76% — this yield to maturity reflects the total return you would earn if you buy the bond today at 99.43%, hold it to Aug 13, 2027, and reinvest all coupons at the same rate; the yield is higher than the coupon because you bought the bond at a discount.
• Years to maturity: 0.9 — the bond has roughly 0.9 years remaining until the redemption date, which makes it a short-dated instrument.
• Bond currency: EUR — all cash flows (coupon and principal) are in euros, so currency risk for a non-euro investor is limited to the EUR denomination itself.

What to watch

• Interest rate movements: when benchmark rates rise, bond prices typically fall, and vice versa; this effect is more pronounced for longer-dated bonds, though Fidelis EUR 3.1% 2027 (R2708AE) has a short remaining horizon of 0.9 years.
• Credit risk of the issuer: as a Romanian government bond, the credit quality depends on Ministerul Finantelor's fiscal position and Romania's sovereign rating.
• Secondary market liquidity on the Bucharest Stock Exchange (BVB): trading volume can affect the ease and cost of entering or exiting a position.
• Comparison with peers: investors often look at other Fidelis issues, such as Fidelis EUR 4.75% 2030 (R3012ae), to contextualise the coupon and yield of R2708AE.
• FX considerations: because the bond is denominated in EUR, investors holding other currencies should monitor EUR exchange-rate moves relative to their base currency.