Fidelis RON 6.55% 2027 (R2712A) Bond — Price, Coupon & Yield

What R2712A is

Fidelis RON 6.55% 2027 (R2712A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in RON. In the InvestPane bonds directory, it sits alongside other Fidelis retail issues such as Fidelis RON 7.55% 2027 (R2712D) and Fidelis RON 7.95% 2027 (R2711B), which share the same issuer and market but carry different coupons and maturities.

Key numbers explained

• Price: 99.9% — the bond trades just below its face value, meaning you pay slightly less than the amount you will receive at maturity.
• Coupon: 6.55% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 6.63% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current price and held it until maturity, assuming all coupons are paid as scheduled.
• Maturity: Dec 17, 2027 — the date on which the issuer repays the face value and the bond ceases to exist.
• Years to maturity: 1.2 — the approximate time remaining until the maturity date, which makes this a short-dated bond.
• Price change today: +0.55% — the bond's price moved up by 0.55% on the current trading day.

What to watch

Bond prices generally move in the opposite direction of market interest rates: when rates rise, existing bond prices tend to fall, and vice versa. For a short-dated bond like R2712A, price sensitivity to rate changes is typically lower than for longer-dated issues. The bond's credit quality is tied to the Romanian sovereign, so changes in the country's fiscal outlook or broader European rate conditions can influence its trading price. Investors often compare R2712A with other short-dated Romanian government bonds, such as Fidelis EUR 4.4% 2027 (R2707BE), to understand relative value across currencies and coupons.