Fidelis RON 6.3% 2028 (R2807A) Bond — Price, Coupon & Yield

What R2807A is

Fidelis RON 6.3% 2028 (R2807A) 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. As a fixed-income instrument, it pays a set coupon until maturity and returns the nominal value at maturity, making it a core holding for investors seeking predictable income. It is part of the broader Fidelis family, which includes peers such as Fidelis RON 7.6% 2028 (R2804B) and Fidelis RON 6.9% 2028 (R2803B).

Key numbers explained

• Price: 99.02% — the bond trades slightly below par, meaning you pay 99.02 RON for every 100 RON nominal.
• Coupon: 6.3% — the annual interest paid as a percentage of nominal value, typically distributed semi-annually.
• Estimated yield to maturity: 6.88% — the yield to maturity reflects the total return if you buy at the current price and hold to maturity, accounting for both coupon income and the small capital gain from the discount.
• Maturity: Jul 15, 2028 — the date when the issuer repays the nominal value and the bond ceases to exist.
• Years to maturity: 1.8 — roughly two years remain until the bond matures, which keeps interest-rate sensitivity relatively low.
• Price change today: +0.43% — the bond’s market price moved up by 0.43% on the current trading day.

What to watch

• Interest rates — bond prices and yields move inversely; rising rates typically push prices down and vice versa.
• Romanian fiscal and inflation data — government bond prices can react to budget announcements and inflation prints.
• Liquidity and bid–ask spreads — retail bonds on BVB may have thinner trading volume, which can affect execution costs.
• Comparison with peers — investors often compare R2807A with other Fidelis issues such as Fidelis RON 7.45% 2028 (R2801B) or longer-dated names like Fidelis RON 7.95% 2031 (R3106A) to understand the yield curve.
• Currency exposure — because R2807A is a RON-denominated bond, it does not carry foreign-exchange risk for RON-based investors.