Fidelis EUR 3.5% 2029 (R2903CE) Bond — Price, Coupon & Yield

What R2903CE is

Fidelis EUR 3.5% 2029 (R2903CE) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a fixed-rate retail bond denominated in EUR, meaning it pays a set coupon each year and returns the principal at maturity. As part of the Fidelis retail bond series, it sits alongside peers such as Fidelis EUR 3.6% 2027 (R2704AE) and Fidelis RON 7% 2029 (R2910A), which investors may compare when building a diversified portfolio.

Key numbers explained

• Price: 97.5% — the bond trades at 97.5% of its face value, so you pay less than the nominal amount.
• Coupon: 3.5% — the annual interest rate paid on the nominal value, expressed as a percentage.
• Estimated yield to maturity: 4.56% — the yield to maturity is the total annual return you would earn if you bought the bond today at 97.5%, held it to maturity, and reinvested coupons at the same rate.
• Maturity: Mar 18, 2029 — the date when the issuer repays the nominal value and the bond ceases to exist.
• Years to maturity: 2.5 — the time remaining until the maturity date, which affects the bond's sensitivity to interest-rate changes.
• Price change today: 0% — the bond's quoted price has not moved today relative to the previous close.
• Bond currency: EUR — all cash flows (coupon and principal) are in euros, which can help investors hedge euro-denominated liabilities.

What to watch

• Interest rates: When market rates rise, existing bond prices tend to fall, and vice versa. Because this bond has a 2.5-year horizon, its price is moderately sensitive to rate moves.
• Issuer credit quality: As a Romanian government bond, the bond's value depends on the issuer's ability to meet its obligations.
• Currency exposure: Investors holding non-euro assets may watch the EUR exchange rate, since the bond pays in euros.
• Comparables: Investors often compare the 3.5% coupon and 4.56% yield with other Fidelis issues, such as Fidelis RON 7.1% 2029 (R2912C) or Fidelis RON 7.25% 2027 (R2707C), to understand relative value across currencies and maturities.