Fidelis RON 7.2% 2027 (R2709A) Bond — Price, Coupon & Yield

What R2709A is

Fidelis RON 7.2% 2027 (R2709A) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a retail Fidelis issue denominated in RON, meaning it is designed for local investors and pays a fixed coupon of 7.2% until maturity on Sep 17, 2027. As a government bond, it is generally considered lower risk than corporate debt, and it sits in the Government (Fidelis) sector. It is part of the broader Fidelis retail bond series, which also includes instruments such as Fidelis RON 7.5% 2036 (R3608A) and Fidelis RON 7.5% 2032 (R3205a).

Key numbers explained

• Price: 100.49% — the bond trades just above par, meaning you pay slightly more than the nominal value for each unit.
• Price change today: +0.49% — the intraday move shows a modest gain relative to the previous close.
• Coupon: 7.2% — 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: 6.68% — this yield to maturity reflects the total return you would earn if you hold the bond to maturity, assuming all coupons are reinvested at the same rate and no default occurs; it is lower than the coupon because you are paying a slight premium.
• Maturity: Sep 17, 2027 — the date when the issuer repays the nominal value and the final coupon is paid.
• Years to maturity: 1 — with only about one year remaining, the bond's price is highly sensitive to the final coupon and principal repayment.
• Bond currency: RON — all cash flows (coupon and principal) are in Romanian lei, so currency risk is limited to RON fluctuations against other currencies if you hold the bond in a foreign-currency portfolio.

What to watch

• Interest rate movements: when market rates rise, existing bond prices tend to fall, and vice versa; this effect is more pronounced for longer-dated bonds, though with only 1 year to maturity the impact is smaller.
• Issuer credit quality: as a government bond, Fidelis RON 7.2% 2027 is backed by the Romanian state; changes in fiscal policy or sovereign credit ratings can influence perceived risk.
• Liquidity and trading volume: on the BVB, trading activity can vary, which may affect the ease of buying or selling at the quoted 100.49% price.
• Coupon reinvestment: the 7.2% coupon assumes you can reinvest payments at a similar rate; lower reinvestment rates would reduce the actual total return.
• Currency exposure: if you hold RON-denominated bonds in a portfolio measured in another currency, exchange-rate swings will affect your reported returns.