Fidelis RON 7.3% 2028 (R2804A) Bond — Price, Coupon & Yield

What R2804A is

Fidelis RON 7.3% 2028 (R2804A) 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 7.3% coupon and matures on Apr 16, 2028, with 1.6 years remaining to maturity. It is part of the broader Fidelis family of retail bonds, which also includes peers such as Fidelis RON 7.25% 2026 (R2612A) and Fidelis RON 7.6% 2028 (R2804B).

Key numbers explained

• Price: 100.1% — the bond trades just above par, meaning you pay slightly more than the nominal value for each unit of face value.
• Coupon: 7.3% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 7.23% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current price and held it to maturity, assuming all coupons are reinvested at the same rate.
• Maturity: Apr 16, 2028 — the date when the issuer repays the nominal value and the final coupon.
• Years to maturity: 1.6 — the approximate time remaining until the bond reaches its maturity date.
• Price change today: +0.04% — the intraday move in the bond's quoted price.

What to watch

Bond prices generally move inversely to interest rates, so changes in the monetary policy environment can affect R2804A's market price. Credit risk for this issue is tied to the Romanian sovereign, as the issuer is the Ministerul Finantelor. Because the bond has a short remaining tenor of 1.6 years, its price is typically less sensitive to interest-rate swings than longer-dated bonds. Investors often compare short-dated government bonds like R2804A with other retail Fidelis issues, such as Fidelis RON 7.6% 2030 (R3004A) or Fidelis EUR 4.4% 2027 (R2707be), to understand relative yields and currency exposure. The full Bonds directory can be used to explore the range of available Fidelis issues.