Fidelis EUR 4% 2029 (R2905AE) Bond — Price, Coupon & Yield

What R2905AE is

Fidelis EUR 4% 2029 (R2905AE) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail series and is denominated in EUR. The bond pays a fixed 4% coupon and matures on 20 mai 2029, with 2.7 years remaining until maturity. It is part of the broader Fidelis family of retail bonds, which includes peers such as Fidelis EUR 3.6% 2029 (R2902AE) and Fidelis EUR 5% 2029 (R2904AE).

Key numbers explained

• Price: 97.9% — the bond trades at a discount to its face value, meaning you pay less than the nominal amount.
• Coupon: 4% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 4.84% — the yield to maturity reflects the total return if the bond is held to maturity and all coupons are reinvested at the same rate, accounting for the discount price.
• Years to maturity: 2.7 — the approximate time left until the issuer repays the nominal value at maturity.
• Maturity: 20 mai 2029 — the date when the issuer returns the nominal value and the final coupon is paid.
• Price change today: 0% — the bond's price has not moved today relative to its previous close.

What to watch

• Interest rate movements — when market rates rise, existing bond prices typically fall, and vice versa.
• Romanian fiscal and monetary policy — changes in government borrowing or central bank policy can influence yields on Romanian government bonds.
• EUR exchange rate — as the bond is denominated in EUR, currency fluctuations may affect returns for investors using a different base currency.
• Credit developments — while the issuer is the Romanian state, changes in sovereign credit assessments can affect the bond's spread and price.
• Reinvestment risk — with a relatively short horizon, the coupons received may need to be reinvested at uncertain future rates.

For investors comparing options, the Bonds directory lists other Fidelis issues, including Fidelis RON 7.8% 2030 (R3005A) and Fidelis EUR 5.25% 2030 (R3008AE), which have different coupons, currencies, and maturities.