Fidelis EUR 5% 2029 (R2907AE) Bond — Price, Coupon & Yield

What R2907AE is

Fidelis EUR 5% 2029 (R2907AE) 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 5% coupon paid until maturity on Jul 3, 2029. The bond is listed under the Government (Fidelis) sector and is part of the broader Fidelis family of retail issues, which includes peers such as Fidelis EUR 4.1% 2027 (R2708BE) and Fidelis EUR 3.1% 2027 (R2708AE).

Key numbers explained

• Price: 99.8% — the bond is quoted at 99.8% of its face value, meaning it trades just below par.
• Coupon: 5% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal amount.
• Estimated yield to maturity: 5.08% — 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 and no default occurs; at the current price, it is slightly above the coupon rate because the bond is bought at a small discount.
• Maturity: Jul 3, 2029 — the date when the issuer repays the final coupon and the principal (face value) to the bondholder.
• Years to maturity: 2.8 — the approximate time remaining until the maturity date, which helps gauge interest-rate sensitivity.
• Price change today: 0% — the bond's quoted price has not moved today relative to the previous close.

What to watch

Bond prices generally move inversely to interest rates set by central banks, so changes in the ECB policy rate can affect the market value of Fidelis EUR 5% 2029 (R2907AE). Credit developments in Romania, including fiscal policy and sovereign ratings, may also influence investor demand for government paper. Because the bond is denominated in EUR, currency fluctuations between EUR and the investor's home currency can affect the total return for non-EUR-based holders. Liquidity on the Bucharest Stock Exchange (BVB) and trading volume in the Fidelis retail series are additional factors to monitor when considering any position. For a broader view of the Fidelis family, see the Bonds directory.