Fidelis RON 7.3% 2028 (R2809B) Bond — Price, Coupon & Yield

What R2809B is

Fidelis RON 7.3% 2028 (R2809B) 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, meaning it is designed for individual investors and pays a fixed coupon in the national currency. The bond matures on Sep 16, 2028, with 2 years remaining to maturity, and it is part of the broader Fidelis retail bond series that also includes instruments such as Fidelis RON 7.7% 2031 (R3111A) and Fidelis RON 7.65% 2028 (R2802A).

Key numbers explained

• Price: 100.3% — the bond trades slightly above par, meaning you pay 100.3 RON for every 100 RON of face value.
• Coupon: 7.3% — the annual interest rate paid by the issuer, expressed as a percentage of the face value.
• Estimated yield to maturity: 7.14% — the yield to maturity is the total return you would earn if you bought the bond today at 100.3% and held it to maturity, assuming all coupons are reinvested at the same rate.
• Price change today: -0.1% — the bond's price moved down by 0.1% on the current trading day.
• Maturity: Sep 16, 2028 — the date when the issuer repays the face value and the bond ceases to exist.
• Years to maturity: 2 — the remaining time until the bond reaches its maturity date.
• Bond currency: RON — all cash flows (coupon and principal) are paid in Romanian lei.

What to watch

Bond prices generally move inversely to interest rates, so changes in the monetary policy environment can affect R2809B's market price. The remaining 2 years to maturity mean the bond is relatively short-dated, which typically limits the impact of interest-rate swings compared with longer-dated peers like Fidelis RON 7.6% 2032 (R3204a). Investors also monitor the issuer's credit profile and broader fiscal developments, as these influence the perceived risk of government retail bonds. For a wider view of available instruments, see the Bonds directory.