Fidelis RON 7.65% 2028 (R2802A) Bond — Price, Coupon & Yield

What R2802A is

Fidelis RON 7.65% 2028 (R2802A) is a Romanian government bond issued by 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 part of the broader Fidelis RON 7.95% 2031 (R3106A) family of issues, which share the same issuer and retail structure. It is a bond rather than an equity, so it does not represent ownership in a company but a loan to the issuer.

Key numbers explained

• Price: 100.32% — the bond trades just above par, meaning you pay slightly more than the face value for each unit.
• Coupon: 7.65% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 7.41% — the yield to maturity is the total annual return you would earn if you bought the bond today at 100.32% and held it to maturity, assuming all coupons are reinvested at the same rate.
• Maturity: Feb 19, 2028 — the date when the issuer repays the nominal value and the bond ceases to exist.
• Years to maturity: 1.4 — roughly 1 year and 5 months remain until the bond matures.
• Price change today: +0.02% — the intraday move, showing a modest increase in market price.

What to watch

Bond prices move inversely to interest rates, so rising rates typically push prices down and falling rates push them up. Credit risk for a government-issued Fidelis bond is generally low, but changes in fiscal policy or sovereign ratings can affect perceived risk. Liquidity may vary depending on trading volume on the BVB. Investors often compare this issue with peers such as Fidelis RON 7.6% 2029 (R2912A) or Fidelis RON 5.9% 2028 (R2803C) to see how coupon and maturity differences affect valuation. For a broader view of available options, see the Bonds directory.