Fidelis RON 7.6% 2028 (R2804B) Bond — Price, Coupon & Yield

What R2804B is

Fidelis RON 7.6% 2028 (R2804B) 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. As a fixed-income instrument, it pays a set coupon and returns the principal at maturity, making it a common building block for conservative portfolios. It is part of the broader Fidelis family, which includes peers such as Fidelis RON 7.3% 2028 (R2808B) and Fidelis RON 7.8% 2030 (R3005A).

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: 7.6% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 7.39% — 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 24, 2028 — the date when the issuer repays the principal and the bond ceases to exist.
• Years to maturity: 1.6 — the remaining time until maturity, which keeps interest-rate sensitivity relatively low.
• Price change today: +0.21% — the intraday move in the bond's quoted price.

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 Romanian government's fiscal outlook can affect perceived risk and pricing.
• Inflation expectations: higher inflation can erode the real return of a fixed coupon.
• Liquidity and trading volume on the BVB, which can affect how easily the bond is bought or sold.
• Comparison with peers such as Fidelis RON 7% 2029 (R2910A) or Fidelis EUR 5.25% 2030 (R3009AE) to understand relative value across currencies and maturities.