Fidelis RON 7.45% 2028 (R2801B) Bond — Price, Coupon & Yield

What R2801B is

Fidelis RON 7.45% 2028 (R2801B) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail series and is denominated in RON. The bond pays a fixed coupon and is set to mature on Jan 28, 2028, making it a short-dated sovereign instrument often used for conservative, income-oriented allocations. Within the Fidelis family, it sits alongside peers such as Fidelis RON 5% 2029 (B2902A) and Fidelis RON 5.8% 2027 (B2707A), which can help investors compare coupons and maturities across similar issues.

Key numbers explained

• Price: 99.9% — the bond trades just below par, meaning you pay slightly less than the nominal value for each unit of face value.
• Coupon: 7.45% — 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: 7.53% — this yield to maturity reflects the total return you would earn if you hold the bond to maturity, assuming all coupons are reinvested at the same rate and no default occurs; it is higher than the coupon because you buy the bond at a slight discount.
• Maturity: Jan 28, 2028 — the date when the issuer repays the face value and the bond ceases to exist.
• Years to maturity: 1.3 — the approximate time remaining until maturity, which keeps interest-rate sensitivity relatively low.
• Price change today: -0.1% — the daily move in the bond's quoted price, showing a modest decline.

What to watch

Bond prices generally move inversely to interest rates, so shifts in the monetary policy environment can affect R2801B's valuation. Credit risk is tied to the issuer's ability to meet payments, which for a government bond is influenced by fiscal and economic conditions. Liquidity may vary depending on trading volume on the Bucharest Stock Exchange (BVB). Investors often compare this issue with similar Fidelis bonds, such as Fidelis EUR 5.25% 2030 (R3010AE), to understand how currency and coupon differences shape risk and return profiles.