Fidelis EUR 3.9% 2029 (R2907CE) Bond — Price, Coupon & Yield

What R2907CE is

Fidelis EUR 3.9% 2029 (R2907CE) is a Romanian government bond issued by 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 3.9% and maturity on Jul 15, 2029. At the time of writing, the bond trades at 100% of par, reflecting a price change today of +0.3%. It is part of the broader Fidelis family, which includes peers such as Fidelis EUR 3.4% 2027 (R2707AE) and Fidelis RON 7.6% 2028 (R2804B).

Key numbers explained

• Price: 100% — the bond is trading at par, meaning its market price equals its face value.
• Coupon: 3.9% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 3.9% — the yield to maturity is the total return an investor would earn if the bond is held to maturity and all coupons are reinvested at the same rate; here it matches the coupon because the price is at par.
• Maturity: Jul 15, 2029 — the date when the issuer repays the final coupon and the principal.
• Years to maturity: 2.8 — the remaining time until maturity, which helps gauge the bond's sensitivity to interest rate changes.
• Price change today: +0.3% — the intraday move, showing modest upward price pressure.
• Bond currency: EUR — all cash flows (coupon and principal) are paid in euros.

What to watch

• Interest rate movements in the Eurozone, which can shift the bond's price relative to its par value.
• Romania's fiscal and debt management policies, as the issuer is the national treasury.
• FX considerations for investors holding non-euro currencies, since the bond pays in EUR.
• Credit developments for the Romanian sovereign, which affect the perceived safety of the paper.
• Liquidity conditions on the Bucharest Stock Exchange (BVB), which can affect trading costs and execution.
• Comparison with other Fidelis retail bonds, such as Fidelis RON 7.5% 2031 (R3112A) or Fidelis RON 6.6% 2030 (R3003C), to understand the yield and currency trade-offs within the series.