Fidelis EUR 5.3% 2028 (R2810AE) Bond — Price, Coupon & Yield

What R2810AE is

Fidelis EUR 5.3% 2028 (R2810AE) 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 EUR, with a fixed coupon of 5.3% and a maturity date of Oct 6, 2028. At the time of writing, the bond trades at 100.25% of face value, with a price change today of -0.2%. It is part of the broader Fidelis retail bond series, which includes peers such as Fidelis EUR 5.8% 2028 (R2804AE) and Fidelis EUR 6.5% 2035 (R3508AE).

Key numbers explained

• Price: 100.25% — the bond is trading slightly above par (100), meaning investors pay a small premium relative to the nominal amount.
• Coupon: 5.3% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 5.17% — the yield to maturity is the total return an investor would earn if the bond is held to maturity, assuming all coupons are reinvested at the same rate and no default occurs. Because the price is above par, the yield is slightly below the coupon.
• Maturity: Oct 6, 2028 — the date when the issuer repays the nominal amount and the bond ceases to exist.
• Years to maturity: 2 — the remaining time until maturity, which influences the bond's sensitivity to interest-rate changes.
• Price change today: -0.2% — the intraday move in the bond's quoted price.
• Bond currency: EUR — all cash flows (coupon and principal) are in euros.

What to watch

• Interest-rate movements in the euro area, which can push bond prices up or down.
• Romania's fiscal and debt-management decisions, which affect the credit perception of government bonds.
• Liquidity and trading volume on the Bucharest Stock Exchange (BVB), which can affect execution costs.
• The relationship between this bond and other Fidelis retail issues, such as Fidelis RON 7.25% 2032 (R3202A) or Fidelis RON 7.4% 2028 (R2805B), which differ in currency and coupon.
• Currency risk for investors holding the bond in a non-euro portfolio, given that the bond is denominated in EUR.