Fidelis RON 7.7% 2029 (R2906A) Bond — Price, Coupon & Yield

What R2906A is

Fidelis RON 7.7% 2029 (R2906A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail series and is denominated in RON. The bond pays a fixed 7.7% coupon and matures on Jun 19, 2029, with 2.7 years remaining to maturity. It is part of the broader Fidelis family of retail bonds, which also includes peers such as Fidelis RON 7.35% 2029 (R2911A) and Fidelis RON 6.85% 2027 (R2707a).

Key numbers explained

• Price 101%: The bond trades at 101% of its face value, meaning it is priced slightly above par.
• Coupon 7.7%: The annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity 7.3%: The yield to maturity is the total return an investor would earn if the bond is held to maturity, assuming all coupons are reinvested at the same rate; at the current price, it is slightly below the coupon because the bond is trading above par.
• Maturity Jun 19, 2029: The date when the issuer repays the final coupon and the nominal value.
• Years to maturity 2.7: The approximate time remaining until the bond reaches its maturity date.
• Price change today 0%: The bond's price has not moved today relative to its previous close.

What to watch

Bond prices generally move in the opposite direction of interest rates, so changes in the monetary policy environment can affect R2906A's price. Credit risk for government bonds is typically low, but it is still shaped by the issuer's fiscal outlook and broader economic conditions. Liquidity can vary depending on trading volume on the BVB. Investors often compare this bond with other Fidelis retail issues, such as Fidelis RON 7.4% 2028 (R2805a), to understand relative pricing across maturities.