Fidelis RON 6.45% 2028 (R2801A) Bond — Price, Coupon & Yield

What R2801A is

Fidelis RON 6.45% 2028 (R2801A) 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. The bond pays a fixed 6.45% coupon and matures on Jan 28, 2028, with 1.3 years remaining until maturity. It is part of the broader Fidelis family, which includes peers such as Fidelis RON 6.3% 2028 (R2809A), Fidelis RON 7.45% 2028 (R2801B), and Fidelis RON 7.6% 2028 (R2804B), as well as foreign-currency issues like Fidelis EUR 6.25% 2032 (R3202AE) and Fidelis EUR 4% 2029 (R2909AE).

Key numbers explained

• Price: 98.6% — the bond trades at a slight discount to its face value, meaning you pay less than the nominal amount.
• Coupon: 6.45% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 7.54% — the yield to maturity reflects the total return you would earn if you bought the bond today at 98.6% and held it to maturity, assuming all coupons are reinvested at the same rate.
• Price change today: -0.05% — the bond’s market price moved slightly lower on the trading day.
• Maturity: Jan 28, 2028 — the date when the issuer repays the nominal value and the final coupon is paid.
• Years to maturity: 1.3 — the remaining time until the bond reaches its maturity date.
• Bond currency: RON — all cash flows (coupons and principal) are paid in Romanian lei.

What to watch

• Interest rate movements — when market rates rise, existing bond prices tend to fall, and vice versa.
• Issuer credit conditions — changes in the issuer’s fiscal position can affect perceived risk and pricing.
• Reinvestment risk — as coupons are paid, the return depends on the rates available when reinvesting.
• Liquidity — trading volume on the BVB can affect how easily the bond is bought or sold near the quoted price.
• Currency exposure — for investors holding foreign currencies, RON fluctuations can impact the effective return.

For a wider view of available instruments, see the Bonds directory.