Fidelis RON 6.6% 2028 (R2804C) Bond — Price, Coupon & Yield

What R2804C is

Fidelis RON 6.6% 2028 (R2804C) 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 core holding for investors seeking predictable income. It sits alongside other Fidelis bonds such as Fidelis RON 7.3% 2028 (R2808B) and Fidelis RON 7.35% 2029 (R2911A), which offer different coupons and maturities.

Key numbers explained

• Price: 98.55% — the bond trades slightly below par, meaning you pay 98.55 RON for every 100 RON of face value.
• Coupon: 6.6% — the annual interest rate paid by the issuer, expressed as a percentage of the face value.
• Estimated yield to maturity: 7.57% — the yield to maturity is the total annual return you would earn if you bought the bond at the current price and held it until maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 1.6 — the bond matures on Apr 24, 2028, so it has roughly 1.6 years left.
• Price change today: -0.5% — the bond's price has moved down by 0.5% on the current trading day.
• Maturity: Apr 24, 2028 — the date when the issuer repays the face value and the bond ceases to exist.

What to watch

Bond prices generally move inversely to interest rates, so rising rates can push prices lower. Credit risk for this bond is tied to the Romanian sovereign, which is the issuer. Liquidity can vary depending on trading volume on the BVB. Investors often compare this bond with peers like Fidelis EUR 5% 2029 (R2908BE) or Fidelis EUR 5.5% 2030 (R3007AE) to understand relative value across currencies and coupons. For a broader view of available options, see the Bonds directory.