Fidelis EUR 3.6% 2029 (R2902AE) Bond — Price, Coupon & Yield

What R2902AE is

Fidelis EUR 3.6% 2029 (R2902AE) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in EUR, paying a fixed 3.6% coupon until maturity on Feb 18, 2029. In the InvestPane bond directory, it sits alongside other Fidelis issues such as Fidelis EUR 4% 2027 (R2702AE) and Fidelis EUR 4% 2029 (R2908CE), which investors often compare when building a short-to-medium maturity government-bond sleeve.

Key numbers explained

• Price: 97.65% — the bond trades below par, meaning you pay 97.65 for every 100 of face value.
• Coupon: 3.6% — the annual interest paid as a percentage of the nominal (face) value, not of the market price.
• Estimated yield to maturity: 4.63% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current 97.65% price and held it to Feb 18, 2029, assuming all coupons are reinvested at the same rate.
• Years to maturity: 2.4 — roughly two years and five months remain until the issuer repays the nominal value.
• Price change today: -0.2% — the bond’s market price moved down by 0.2% on the current trading session.
• Bond currency: EUR — all cash flows (coupon and principal) are received in euros, which removes currency risk for euro-based investors.

What to watch

• Interest-rate movements: when benchmark rates rise, existing bond prices tend to fall, and vice versa.
• Romanian fiscal and monetary policy: changes in the fiscal outlook or central bank decisions can influence the demand for local-currency and euro-denominated government paper.
• Credit sentiment toward the issuer: shifts in Romania’s sovereign credit assessment can move the price of R2902AE and its peers such as Fidelis EUR 5.8% 2028 (R2804AE).
• Liquidity on the Bucharest Stock Exchange (BVB): thinner trading can widen bid–ask spreads and affect execution quality.
• Comparison with other Fidelis retail issues: investors often evaluate R2902AE against Fidelis RON 6.9% 2030 (R3006A) or Fidelis RON 8.35% 2027 (R2706B) to understand the EUR vs RON and maturity trade-offs.