Fidelis RON 6.3% 2028 (R2809A) Bond — Price, Coupon & Yield

What R2809A is

Fidelis RON 6.3% 2028 (R2809A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a retail Fidelis issue denominated in RON, with a fixed coupon of 6.3% and a maturity date of Sep 16, 2028. As of the latest data, the bond trades at 100% of par, with a price change today of 0%. It belongs to the Government (Fidelis) sector and is part of the broader Bonds directory, where investors can compare it with other Fidelis issues such as Fidelis RON 7% 2030 (R3005C), Fidelis RON 7.1% 2030 (R3001A), Fidelis RON 7.1% 2032 (R3203A), Fidelis RON 7.5% 2036 (R3608A), and Fidelis RON 7.6% 2029 (R2909A).

Key numbers explained

• Price: 100% — the bond is trading at par, meaning its market price equals its face value; if you buy at this level, you pay exactly the amount that will be repaid at maturity.
• Coupon: 6.3% — the annual interest rate paid by the issuer, expressed as a percentage of the face value; for a standard RON 100 nominal, this translates to 6.3 RON per year.
• Estimated yield to maturity if bought at the current price: 6.3% — the yield to maturity is the total annualised return you would earn if you hold the bond to maturity and reinvest all coupons at the same rate; at a price of 100%, the yield equals the coupon rate.
• Maturity: Sep 16, 2028 — the date when the issuer repays the final coupon and the principal; the bond has 2 years remaining until maturity.
• Price change today: 0% — the bond’s price has not moved relative to the previous trading session, indicating no intraday price discovery pressure at this level.
• Bond currency: RON — all cash flows (coupons and principal) are paid in Romanian lei, so currency risk is limited to RON itself.

What to watch

• Interest rate movements in Romania, which can push the bond’s market price away from par.
• The issuer’s credit profile and any changes in Romania’s fiscal outlook, which affect perceived credit risk.
• The remaining time to maturity, which shortens to 2 years and reduces the bond’s sensitivity to interest rate changes as it approaches Sep 16, 2028.
• The fixed coupon structure, which means the cash flow stream is known and does not vary with market conditions.
• The retail Fidelis format, which may affect liquidity and the typical investor base compared with wholesale government paper.
• Comparisons with peers such as Fidelis RON 7.6% 2029 (R2909A) or Fidelis EUR 3.6% 2027 (R2704AE) to understand relative value across currencies and maturities.