Fidelis RON 6.4% 2028 (R2805C) Bond — Price, Coupon & Yield

What R2805C is

Fidelis RON 6.4% 2028 (R2805C) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in RON. In the InvestPane bonds directory, it sits alongside other Fidelis retail issues such as Fidelis RON 7.5% 2032 (R3205A), which investors often compare when building a ladder of local-currency government paper.

Key numbers explained

• Price: 98.3% — the bond trades at 98.3% of its face value, meaning you pay slightly less than the nominal amount.
• Coupon: 6.4% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 7.49% — the yield to maturity is the total return you would earn if you bought the bond today at 98.3%, held it to maturity, and reinvested coupons at the same rate; it is higher than the coupon because the purchase price is below par.
• Maturity: May 20, 2028 — the date when the issuer repays the nominal value and the bond ceases to exist.
• Years to maturity: 1.7 — the remaining time until maturity, which makes this a short-to-medium-term government bond.
• Price change today: 0% — the bond's price has not moved today, indicating flat trading relative to the previous close.

What to watch

• Interest rate movements in RON, which affect the market price of existing bonds.
• Romania's sovereign credit outlook and fiscal announcements, which can shift demand for government paper.
• Liquidity and trading volume on the Bucharest Stock Exchange (BVB), which can widen or narrow bid–ask spreads.
• Comparison with peers such as Fidelis EUR 3.75% 2029 (R2901AE) or Fidelis EUR 5% 2030 (R3011AE) to understand relative value across currencies and maturities.