Fidelis EUR 3.9% 2028 (R2811AE) Bond — Price, Coupon & Yield

What R2811AE is

Fidelis EUR 3.9% 2028 (R2811AE) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a retail-oriented Fidelis issue denominated in EUR, with a fixed coupon of 3.9% and a maturity date of Nov 19, 2028. As a sovereign bond, it is part of the Fidelis EUR 6.8% 2036 (R3606BE) family of Romanian government retail bonds, though it carries a lower coupon and a shorter horizon than that longer-dated peer.

Key numbers explained

• Price: 98% — the bond trades at a discount to its face value, meaning you can buy it for less than the amount you will receive at maturity.
• Coupon: 3.9% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's nominal value.
• Estimated yield to maturity if bought at the current price: 4.88% — the yield to maturity reflects the total return you would earn if you hold the bond to maturity and reinvest coupons at the same rate, which is higher than the coupon because you bought at a discount.
• Maturity: Nov 19, 2028 — the date when the issuer repays the nominal value; this bond has yearsToMaturity: 2.2 years remaining.
• Price change today: 0% — the bond's market price has not moved today, indicating stable trading.
• bondCurrency: EUR — all cash flows (coupon and principal) are in euros, which removes currency risk for euro-based investors but may differ from the issuer's local currency.

What to watch

• Interest rate movements in the euro area, which can push bond prices up or down.
• Romania's sovereign credit outlook and fiscal developments, which influence perceived risk and required yields.
• Liquidity on the Bucharest Stock Exchange (BVB), which can affect how easily the bond can be bought or sold.
• The relationship between this bond and peers such as Fidelis EUR 5.3% 2028 (R2810AE) or Fidelis EUR 4.4% 2027 (R2707be), which offer different coupons and maturities.
• The broader Bonds directory for context on how this issue fits within the available Romanian government retail bond universe.