Fidelis EUR 4.1% 2027 (R2709BE) Bond — Price, Coupon & Yield

What R2709BE is

Fidelis EUR 4.1% 2027 (R2709BE) is a Romanian government bond issued by Ministerul Finantelor and traded on the Bucharest Stock Exchange (BVB). It is a Fidelis retail issue denominated in EUR, with a fixed coupon of 4.1% and a maturity date of Sep 17, 2027. At the time of reference, the bond is priced at 100% of face value, which means it is trading at par. It belongs to the Government (Fidelis) sector and is part of the broader Romanian government bond lineup that includes peers such as Fidelis EUR 6% 2032 (R3203AE), Fidelis EUR 4% 2029 (R2906AE), and Fidelis EUR 5.5% 2030 (R3007AE).

Key numbers explained

• Price: 100% — The bond is quoted at par, meaning the market price equals its face value.
• Coupon: 4.1% — The annual interest rate paid by the issuer, expressed as a percentage of face value.
• Estimated yield to maturity if bought at the current price: 4.1% — The yield to maturity is the total return expected if the bond is held to maturity and all coupons are reinvested at the same rate; here it equals the coupon because the price is at par.
• Maturity: Sep 17, 2027 — The date when the issuer repays the face value and the bond ceases to exist.
• Years to maturity: 1 — The remaining time until maturity, which is short, so the bond's price is relatively sensitive to changes in the interest rate environment.
• Price change today: -0.11% — The intraday move in the bond's quoted price, showing a slight decline.
• Bond currency: EUR — All cash flows (coupon and principal) are in euros, which removes currency risk for euro-based investors but introduces FX considerations for others.

What to watch

• Interest rate movements — Short-dated bonds like R2709BE can see price shifts when central bank policy rates change.
• Issuer credit conditions — As a government bond, its pricing reflects Romania's fiscal and economic outlook.
• EUR funding and demand — Investor appetite for euro-denominated Romanian government paper can affect liquidity and price.
• Reinvestment risk — With only 1 year to maturity, the coupon income must be reinvested at prevailing rates once the bond matures.
• Comparable issues — Investors often compare R2709BE with Fidelis RON 7.6% 2029 (R2912A), Fidelis RON 7.3% 2028 (R2808b), and Fidelis EUR 6.4% 2036 (R3604AE) to understand relative value across maturities and currencies.