Fidelis RON 7.2% 2027 (R2710A) Bond — Price, Coupon & Yield

What R2710A is

Fidelis RON 7.2% 2027 (R2710A) is a Romanian government bond issued by Ministerul Finantelor as part of the Fidelis retail programme. It trades on the Bucharest Stock Exchange (BVB) and is denominated in RON. The bond pays a fixed coupon of 7.2% and matures on Oct 22, 2027, with 1.1 years remaining to maturity. At the current price of 99.99%, its estimated yield to maturity is 7.21%. It is part of the broader Fidelis family, which includes peers such as Fidelis RON 7.45% 2028 (R2801B) and Fidelis RON 7.5% 2032 (R3205a).

Key numbers explained

• Price: 99.99% — the bond is trading just below par (100), meaning you pay slightly less than the face value for each unit.
• Coupon: 7.2% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 7.21% — 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.
• Years to maturity: 1.1 — the bond has about one year and one month left until the final principal repayment.
• Price change today: 0% — the bond's price has not moved relative to the previous close on the trading day.
• Maturity: Oct 22, 2027 — the date when the issuer repays the principal and the last coupon is paid.
• Issuer: Ministerul Finantelor — the Romanian Ministry of Finance backs the bond with the full faith and credit of the state.

What to watch

• Interest rate movements — when benchmark rates rise, existing fixed-coupon bonds like R2710A can fall in price, and vice versa.
• Romanian fiscal and inflation data — changes in government borrowing costs or inflation expectations can influence demand for local-currency sovereign paper.
• Liquidity and trading volume — the bond's price can be affected by how actively it is traded on the BVB.
• Currency risk for foreign investors — because the bond is denominated in RON, exchange-rate fluctuations against the investor's home currency can affect the total return.
• Comparison with peers — investors often look at the wider Fidelis range, such as Fidelis RON 7.7% 2029 (R2906a) or Fidelis RON 7.5% 2036 (R3609a), to understand the yield curve and term structure.