Fidelis RON 7.9% 2027 (R2712B) Bond — Price, Coupon & Yield

What R2712B is

Fidelis RON 7.9% 2027 (R2712B) is a Romanian government bond issued by the Romanian Ministry of Finance (Ministerul Finantelor) and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in RON. The bond pays a fixed coupon of 7.9% and matures on Dec 23, 2027, with 1.2 years remaining until maturity. It is part of the broader Fidelis retail bond lineup, which also includes instruments such as Fidelis RON 6.9% 2030 (R3008A) and Fidelis RON 7.7% 2031 (R3111A).

Key numbers explained

• Price: 100.16% — the bond trades just above par, meaning you pay slightly more than the face value for each unit.
• Coupon: 7.9% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity if bought at the current price: 7.77% — the yield to maturity is the total annualised return you would earn if you bought the bond today, held it to maturity, and reinvested coupons at the same rate.
• Maturity: Dec 23, 2027 — the date when the issuer repays the face value and the final coupon.
• Years to maturity: 1.2 — the approximate time left until the bond matures, expressed in years.
• Price change today: +0.06% — the bond's price moved up slightly on the current trading day.
• Bond currency: RON — all cash flows (coupon and principal) are paid in Romanian lei.

What to watch

• Interest rate movements in Romania, which can affect bond prices and the relative attractiveness of fixed coupons.
• The issuer's funding and debt management decisions, which influence the supply of new Fidelis retail bonds and the trading levels of existing ones.
• General market liquidity on the Bucharest Stock Exchange (BVB), which can affect bid-ask spreads and execution costs.
• The bond's proximity to maturity, which typically reduces interest-rate sensitivity and focuses returns on the final coupon and principal repayment.
• Comparisons with peers such as Fidelis RON 6.9% 2030 (R3006A) and Fidelis RON 7.6% 2032 (R3204A) to understand relative yields and price levels.