Fidelis RON 7.3% 2028 (R2807B) Bond — Price, Coupon & Yield

What R2807B is

Fidelis RON 7.3% 2028 (R2807B) is a Romanian government bond issued by Ministerul Finantelor as part of the Fidelis retail programme. It trades on the Bucharest Stock Exchange (BVB) and pays a fixed coupon of 7.3% until maturity on Jul 15, 2028. The bond is denominated in RON, has a remaining yearsToMaturity of 1.8, and its most recent price is 99.76% of face value. It belongs to the Government (Fidelis) sector and can be compared with other Fidelis issues such as Fidelis RON 7.5% 2036 (R3609A), Fidelis RON 6.85% 2030 (R3007A), and Fidelis RON 6.9% 2028 (R2803B).

Key numbers explained

• Price: 99.76% — the bond is trading just below par (100), meaning you pay slightly less than the face value for each RON 100 nominal.
• Coupon: 7.3% — the annual interest paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 7.44% — the yield to maturity is the total return you would earn if you bought the bond today at 99.76% and held it to maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 1.8 — roughly two years remain until the issuer repays the principal on Jul 15, 2028.
• Price change today: +0.01% — the bond's quoted price moved up by one basis point on the current trading day.
• Bond currency: RON — all cash flows (coupons and principal) are paid in Romanian lei.

What to watch

• Interest rate movements in Romania, which can push bond prices up or down.
• The issuer's financing conditions and fiscal policy, which affect the perceived credit quality of Ministerul Finantelor.
• The remaining time to maturity, which shortens as the Jul 15, 2028 date approaches and reduces the bond's sensitivity to rate changes.
• The spread versus peers such as Fidelis RON 7.4% 2028 (R2805A) and Fidelis RON 7.2% 2027 (R2710A), which helps contextualise relative value.
• Currency risk for investors holding RON-denominated assets alongside foreign-currency positions.