Fidelis RON 7% 2029 (R2908A) Bond — Price, Coupon & Yield

What R2908A is

Fidelis RON 7% 2029 (R2908A) is a Romanian government bond issued by the Ministry of Finance (Ministerul Finantelor) and listed on the Bucharest Stock Exchange (BVB). It is a retail Fidelis issue denominated in RON, with a 7% coupon and maturity on Aug 23, 2029. The bond is part of the broader Fidelis retail series, which includes peers such as Fidelis RON 7.1% 2030 (R3004C), Fidelis RON 7% 2030 (R3005C), and Fidelis EUR 5% 2030 (R3011AE), offering investors a range of maturities and currencies.

Key numbers explained

• Price: 99.4% — the bond trades just below par; for every 100 RON face value, you pay 99.4 RON.
• Coupon: 7% — the annual interest rate paid by the issuer, typically expressed as a percentage of face value.
• Estimated yield to maturity if bought at the current price: 7.23% — this yield to maturity reflects the total return you would earn if you hold the bond to maturity and reinvest coupons at the same rate, adjusted for the slight discount you pay today.
• Years to maturity: 2.9 — roughly three years remain until the issuer repays the principal on Aug 23, 2029.
• Price change today: +0.2% — the bond’s market price moved up slightly during the session.
• Bond currency: RON — all cash flows (coupon and principal) are in Romanian lei.

What to watch

Bond prices generally move inversely to interest rates, so changes in the monetary policy environment can affect R2908A’s valuation. Credit developments related to the issuer, Ministerul Finantelor, and broader fiscal policy can also influence sentiment. Liquidity conditions on the Bucharest Stock Exchange (BVB) and the availability of comparable instruments such as Fidelis EUR 6% 2032 (R3203AE) or Fidelis RON 7.25% 2026 (R2612A) may affect trading volumes and price discovery.