Fidelis RON 7.4% 2028 (R2805B) Bond — Price, Coupon & Yield

What R2805B is

Fidelis RON 7.4% 2028 (R2805B) 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 7.4% coupon and matures on May 20, 2028, with 1.7 years remaining to maturity. It is part of the broader Fidelis family of retail bonds, which includes peers such as Fidelis RON 7.9% 2027 (R2712B), Fidelis RON 7.6% 2036 (R3606A), and Fidelis RON 7.5% 2032 (R3205A).

Key numbers explained

• Price: 100.01% — the bond trades just above par, meaning its market price is essentially equal to its face value.
• Coupon: 7.4% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 7.39% — the yield to maturity is the total return an investor would earn if the bond is held to maturity, assuming all coupons are reinvested at the same rate and no default occurs.
• Price change today: -0.34% — the bond's price fell by 0.34% on the current trading session.
• Years to maturity: 1.7 — the bond has less than two years remaining until the final principal repayment.
• Maturity: May 20, 2028 — the date when the issuer repays the principal and the last coupon is paid.
• Bond currency: RON — all cash flows (coupons and principal) are paid in Romanian lei.

What to watch

Bond prices move in response to changes in interest rates, inflation expectations, and the issuer's credit profile. For a short-dated government bond like R2805B, interest rate movements in the local market are typically the most relevant factor. The bond's price sensitivity to rate changes is limited by its short remaining maturity of 1.7 years. Investors may also monitor the yield spread relative to other Fidelis retail bonds, such as Fidelis EUR 6.5% 2032 (R3206AE) or Fidelis EUR 6.8% 2036 (R3606BE), to understand relative value across currencies and maturities. The full list of available bonds can be explored in the Bonds directory.