Fidelis EUR 5% 2029 (R2908AE) Bond — Price, Coupon & Yield

What R2908AE is

Fidelis EUR 5% 2029 (R2908AE) 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 EUR, meaning it pays interest in euros rather than Romanian lei. The bond is part of the Government (Fidelis) sector and is designed for investors seeking a fixed-income exposure to Romania’s sovereign credit. It can be compared with other Fidelis retail bonds such as Fidelis EUR 4% 2027 (R2702AE) or Fidelis EUR 6.2% 2036 (R3607AE), which differ in coupon and maturity.

Key numbers explained

• Price 99.4%: The bond trades at 99.4% of its face value, so an investor pays slightly less than the nominal amount.
• Coupon 5%: The annual interest payment is 5% of the nominal value, paid in EUR.
• Estimated yield to maturity 5.22%: 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, this yield is slightly higher than the coupon.
• Years to maturity 2.9: The bond has approximately 2.9 years remaining until the maturity date of Aug 23, 2029.
• Price change today +0.3%: The bond’s price moved up by 0.3% on the current trading day.
• Bond currency EUR: All cash flows (coupon and principal) are denominated in euros.

What to watch

• Interest rate movements in the euro area can affect the bond’s price; when rates rise, existing bond prices tend to fall, and vice versa.
• Romania’s sovereign credit outlook may influence investor demand for government bonds like R2908AE.
• The bond’s short remaining maturity (2.9 years) means its price is generally less sensitive to interest rate changes than longer-dated bonds.
• Investors can track the bond alongside peers such as Fidelis RON 7.8% 2030 (R3003A) or Fidelis RON 7.6% 2030 (R3004A) for broader context on the Fidelis retail bond range.
• The Bucharest Stock Exchange (BVB) trading environment and liquidity conditions can affect execution costs and price stability.