Fidelis EUR 4.25% 2029 (R2904CE) Bond — Price, Coupon & Yield

What R2904CE is

Fidelis EUR 4.25% 2029 (R2904CE) is a Romanian government bond issued by Ministerul Finantelor as part of the Fidelis retail programme. It trades on the Bucharest Stock Exchange (BVB) and is denominated in EUR, with a fixed coupon of 4.25% and a maturity date of Apr 24, 2029. The bond is part of the broader Fidelis family, which includes peers such as Fidelis EUR 4% 2027 (R2702AE) and Fidelis EUR 5% 2029 (R2908AE).

Key numbers explained

• Price: 97.51% — the bond is currently quoted at a discount to its nominal value, meaning you can buy it for less than the face amount that will be repaid at maturity.
• Price change today: -1.06% — the quote has fallen by 1.06% relative to the prior session, reflecting intraday supply/demand moves.
• Coupon: 4.25% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 5.28% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current price and held it to maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 2.6 — roughly two and a half years remain until the issuer repays the principal on Apr 24, 2029.
• Bond currency: EUR — all cash flows (coupons and principal) are paid in euros, which removes currency risk for euro-based investors.

What to watch

• Interest rate movements in the euro area, which typically push bond prices in the opposite direction.
• Romania's fiscal and political developments, as government bonds are sensitive to sovereign credit perception.
• Liquidity on the Bucharest Stock Exchange (BVB), which can affect the ease and cost of entering or exiting a position.
• The broader Fidelis retail bond family, including Fidelis RON 7.1% 2029 (R2912C) and Fidelis RON 7.65% 2028 (R2802A), which offer alternative exposures within the same issuer programme.