Fidelis EUR 3.1% 2027 (R2709AE) Bond — Price, Coupon & Yield

What R2709AE is

Fidelis EUR 3.1% 2027 (R2709AE) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a fixed-income instrument with a 3.1% annual coupon, paying interest in EUR until maturity on Sep 17, 2027. As a retail Fidelis issue, it is designed for individual investors and is part of the broader Fidelis retail bond family, which includes peers such as Fidelis EUR 3.85% 2027 (R2705AE) and Fidelis EUR 5% 2029 (R2910AE).

Key numbers explained

• Price: 98.7% — the bond trades at a slight discount to its face value, meaning you pay less than the nominal amount per unit.
• Coupon: 3.1% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 4.45% — the yield to maturity is the total annualised 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.
• Maturity: Sep 17, 2027 — the date when the issuer repays the nominal value and the bond ceases to exist.
• Years to maturity: 1 — with only about one year remaining, the bond's price is highly sensitive to the final coupon and principal payment.
• Price change today: -0.18% — the intraday move reflects short-term trading activity and shifts in market interest rates.
• Issuer: Ministerul Finantelor — the Romanian Ministry of Finance backs the bond with the full faith and credit of the state.
• Bond currency: EUR — coupons and principal are denominated in euros, which can introduce currency risk for investors holding other currencies.

What to watch

• Interest rate movements: rising rates typically push bond prices down, while falling rates lift them.
• Romanian fiscal and monetary policy: changes in fiscal deficits or central bank decisions can affect the risk premium demanded by investors.
• EUR exchange rate: since the bond is denominated in euros, currency fluctuations can affect the value for non-euro investors.
• Liquidity and trading volume: lower liquidity can widen bid–ask spreads and make it harder to enter or exit positions.
• Issuer credit developments: any change in Romania's credit profile or fiscal outlook may influence the bond's valuation.
• Reinvestment risk: with a short remaining maturity, the coupons and principal must be reinvested at prevailing rates, which may be higher or lower than the current 3.1% coupon.

For a broader view of available Romanian government bonds, see the Bonds directory.