Fidelis RON 7.35% 2028 (R2806B) Bond — Price, Coupon & Yield

What R2806B is

Fidelis RON 7.35% 2028 (R2806B) 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 7.35% coupon and matures on Jun 25, 2028, with 1.8 years remaining to maturity. It is part of the broader Fidelis retail bond lineup, which also includes Fidelis RON 7.1% 2029 (R2912C) and Fidelis RON 7.8% 2030 (R3005A), among others.

Key numbers explained

• Price: 100.2% — the bond trades just above par (100), meaning it costs slightly more than its face value.
• Coupon: 7.35% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 7.23% — 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; at the current price, it is slightly below the coupon because the bond is trading above par.
• Years to maturity: 1.8 — the time remaining until the issuer repays the principal, which affects the bond's sensitivity to interest rate changes.
• Price change today: -0.5% — the bond's price has moved down by half a percent on the current trading day.
• Maturity: Jun 25, 2028 — the date when the issuer returns the principal and the final coupon payment is made.

What to watch

• Interest rate movements in Romania, which can push bond prices up or down.
• Changes in the issuer's credit profile, even for government bonds.
• The remaining time to maturity, which shortens as the Jun 25, 2028 date approaches.
• The fixed 7.35% coupon stream and its reinvestment assumptions.
• Comparisons with other Fidelis retail bonds such as Fidelis EUR 6.25% 2032 (R3205AE) or Fidelis EUR 5% 2029 (R2909BE) for relative yield context.