Fidelis EUR 4.1% 2027 (R2708BE) Bond — Price, Coupon & Yield

What R2708BE is

Fidelis EUR 4.1% 2027 (R2708BE) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a retail-oriented Fidelis issue, meaning it is designed for individual investors and trades in euros. The bond is part of the Government (Fidelis) sector and matures on Aug 13, 2027, with a remaining yearsToMaturity of 0.9 years. For comparison, other retail government bonds in the same family include Fidelis RON 7.2% 2027 (R2708A) and Fidelis RON 7.25% 2027 (R2707C), which share the same issuer and maturity year but differ in currency and coupon.

Key numbers explained

• Price: 99.8% — the bond trades just below its nominal value, so you pay slightly less than the face amount for each unit.
• Coupon: 4.1% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity if bought at the current price: 4.33% — the yield to maturity reflects the total return you would earn if you hold the bond to maturity and reinvest coupons at the same rate, given the current 99.8% price.
• Price change today: -0.3% — the bond’s market price has fallen by 0.3% on the current trading day.
• Years to maturity: 0.9 — with less than one year remaining, the bond’s price is highly sensitive to the final coupon and principal repayment.
• Bond currency: EUR — all cash flows (coupon and principal) are denominated in euros, which may differ from the issuer’s local currency (RON).

What to watch

• Interest rate movements in the euro area, which can push bond prices up or down.
• Romania’s fiscal and debt management decisions, since the issuer is the Ministerul Finantelor.
• Currency risk, because the bond pays in EUR while the issuer’s revenue is in RON.
• Liquidity on the Bucharest Stock Exchange (BVB), which can affect how easily the bond is bought or sold.
• The proximity of maturity, as the final cash flow (coupon plus principal) becomes more certain as the date approaches.

Investors looking at other short-dated government exposure may also consider Fidelis EUR 5.5% 2030 (R3007AE) or Fidelis EUR 6.3% 2036 (R3609AE), which offer different coupons and longer maturities. The full list of available bonds can be found in the Bonds directory.