Fidelis RON 6.3% 2028 (R2808A) Bond — Price, Coupon & Yield

What R2808A is

Fidelis RON 6.3% 2028 (R2808A) is a Romanian government bond issued by the Ministry of Finance (Ministerul Finanțelor) 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 is grouped alongside other Fidelis issues such as Fidelis RON 8.35% 2027 (R2706B), Fidelis RON 7.6% 2029 (R2910C), and Fidelis RON 7% 2029 (R2910A), which investors often compare when building a ladder of local-currency government paper.

Key numbers explained

• Price: 97.8% — the bond trades at a discount to its face value, meaning you pay 97.8 RON for each 100 RON nominal.
• Coupon: 6.3% — the annual interest rate paid by the issuer, expressed as a percentage of nominal value.
• Estimated yield to maturity if bought at the current price: 7.54% — the yield to maturity reflects the total return you would earn if you hold the bond to Aug 19, 2028, assuming all coupons are reinvested at the same rate and no default occurs.
• Maturity: Aug 19, 2028 — the date when the issuer repays the nominal amount and the bond ceases to exist.
• Years to maturity: 1.9 — the remaining time until maturity, which places this bond in the short-to-medium maturity segment.
• Price change today: -1.71% — the intraday move in price, which moves inversely to yields.

What to watch

• Interest rates: when benchmark rates rise, existing bond prices tend to fall, and vice versa.
• Issuer credit quality: as a government bond, R2808A is backed by the full faith and credit of the Romanian state.
• Currency exposure: because the bond is denominated in RON, returns for foreign investors are affected by RON exchange-rate movements.
• Reinvestment risk: with a 6.3% coupon, future coupon payments depend on the rates available at the time of reinvestment.
• Liquidity: trading volume on the BVB can vary, which may affect execution costs.

Investors comparing Fidelis retail bonds may also look at Fidelis EUR 5.25% 2030 (R3009AE) and Fidelis EUR 4.75% 2030 (R3012AE) for foreign-currency alternatives.