Fidelis EUR 4% 2029 (R2906AE) Bond — Price, Coupon & Yield

What R2906AE is

Fidelis EUR 4% 2029 (R2906AE) 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, with a fixed coupon of 4% and a maturity date of Jun 25, 2029. As of the latest reference data, the bond trades at 97.05% of face value, with a price change today of -2.95%. It is part of the broader Fidelis retail bond lineup, which also includes instruments such as Fidelis EUR 5.5% 2028 (R2812AE) and Fidelis EUR 5.5% 2030 (R3007AE).

Key numbers explained

• Price 97.05%: the bond is trading below its nominal (face) value, meaning you can buy it for less than the amount you will receive at maturity.
• Price change today -2.95%: the bond's quoted price has fallen by 2.95% relative to the previous close on the current trading day.
• Coupon 4%: the issuer pays a fixed annual interest of 4% of the nominal value, typically in EUR.
• Years to maturity 2.8: there are roughly 2.8 years remaining until the Jun 25, 2029 maturity date.
• Estimated yield to maturity 5.15%: if you buy the bond at the current price of 97.05% and hold it to maturity, the yield to maturity — the total annualised return including coupon payments and the capital gain from the price discount — is estimated at 5.15%.
• Bond currency EUR: all cash flows (coupon and principal) are in EUR, which means the bond carries currency exposure if your base currency differs.

What to watch

Bond prices move in response to interest-rate changes, credit perceptions of the issuer, and broader market conditions. For a government bond like R2906AE, shifts in the Romanian interest-rate environment and fiscal outlook can affect its price and yield. The bond's fixed coupon and remaining term of 2.8 years mean its sensitivity to rate moves is moderate compared with longer-dated instruments. Investors often compare it with peers such as Fidelis EUR 4% 2029 (R2905AE) or Fidelis RON 7.1% 2029 (R2912C) to understand relative value within the Fidelis retail series.