Fidelis EUR 5% 2029 (R2904AE) Bond — Price, Coupon & Yield

What R2904AE is

Fidelis EUR 5% 2029 (R2904AE) 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. The bond pays a fixed 5% coupon and matures on Apr 22, 2029, with 2.6 years remaining until maturity. It is part of the broader Fidelis portfolio that also includes peers such as Fidelis EUR 6.4% 2036 (R3604AE), Fidelis RON 6.85% 2027 (R2704A), Fidelis EUR 3.9% 2028 (R2811AE), Fidelis EUR 5.3% 2028 (R2810AE), Fidelis RON 5% 2029 (B2902A), Fidelis EUR 5.25% 2030 (R3010AE), and Fidelis EUR 5% 2029 (R2908BE).

Key numbers explained

• Price: 99.05% — the bond trades slightly below its nominal (face) value of 100, meaning you pay 99.05 for each 100 of nominal amount.
• Price change today: -0.3% — the market price moved down by 0.3% on the current trading day.
• Coupon: 5% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 5.39% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current 99.05% price and held it to maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 2.6 — the remaining time until the issuer repays the nominal amount, which is relatively short for a bond.
• Bond currency: EUR — all cash flows (coupons and principal) are paid in euros.

What to watch

• Interest rate movements in the euro area, which can cause bond prices to move in the opposite direction.
• Romania’s fiscal and debt management policies, which can affect the credit perception of government-issued bonds.
• Liquidity conditions on the Bucharest Stock Exchange (BVB), which can affect how easily the bond can be bought or sold.
• The remaining time to maturity (2.6 years), which limits the duration of interest rate exposure.
• The fixed 5% coupon relative to prevailing market yields, which determines whether the bond trades at a discount or premium.