Fidelis RON 7.65% 2029 (R2908C) Bond — Price, Coupon & Yield

What R2908C is

Fidelis RON 7.65% 2029 (R2908C) 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 fixed coupon of 7.65% and a maturity date of Aug 13, 2029. As a government bond, it is typically viewed as a lower-risk alternative to corporate debt, and it sits alongside other Fidelis retail issues such as Fidelis RON 7.25% 2026 (R2612A) and Fidelis RON 7.6% 2028 (R2804B).

Key numbers explained

• Price: 100.99% — the bond trades just above par, meaning you pay slightly more than the nominal value for each unit of face value.
• Coupon: 7.65% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 7.27% — the yield to maturity is the total return you would earn if you bought the bond today at 100.99%, held it to maturity, and reinvested coupons at the same rate.
• Years to maturity: 2.9 — roughly three years remain until the issuer repays the principal on Aug 13, 2029.
• Price change today: +0.96% — the bond's price moved up by this percentage on the current trading session.
• Bond currency: RON — all cash flows (coupon and principal) are in Romanian lei.

What to watch

• Interest rate movements: when benchmark rates rise, existing bond prices tend to fall, and vice versa.
• Issuer credit quality: as a government-issued instrument, the bond's risk profile is tied to the fiscal position of the Romanian state.
• Inflation expectations: higher-than-expected inflation can erode the real return of a fixed coupon.
• Liquidity and trading volume on the BVB, which can affect how easily the bond is bought or sold.
• The broader environment for Romanian government paper, including the availability of alternatives such as Fidelis RON 6.45% 2028 (R2801A) or Fidelis RON 7.95% 2030 (R3002A).