Fidelis EUR 4% 2029 (R2908CE) Bond — Price, Coupon & Yield

What R2908CE is

Fidelis EUR 4% 2029 (R2908CE) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a fixed-income instrument in the Government (Fidelis) sector, denominated in EUR, with a 4% coupon paid until maturity on Aug 19, 2029. The bond is part of the Fidelis retail series, alongside peers such as Fidelis EUR 5% 2030 (R3011AE) and Fidelis EUR 3.9% 2029 (R2907CE), which investors often compare when building a diversified fixed-income allocation.

Key numbers explained

• Price: 99.8% — the bond trades just below par, meaning you pay slightly less than the nominal value for each 100 of face value.
• Coupon: 4% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 4.07% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current 99.8% price and held it to Aug 19, 2029, assuming all coupons are reinvested at the same rate.
• Years to maturity: 2.9 — roughly 3 years remain until the issuer repays the principal, which keeps interest-rate sensitivity relatively low.
• Price change today: 0% — the bond closed unchanged on the session, indicating no intraday price movement.
• Maturity: Aug 19, 2029 — the date the issuer returns the nominal amount and the last coupon is paid.
• Bond currency: EUR — all cash flows (coupon and principal) are received in euros, which removes currency risk for EUR-based investors.

What to watch

• Interest rates: bond prices generally move inversely to market interest rates; a rise in rates could push the price below 99.8%, while a fall could lift it above par.
• Issuer credit quality: as a Romanian government bond, the bond's value is tied to the creditworthiness of Ministerul Finantelor and the fiscal outlook of Romania.
• EUR exchange rates: for non-euro investors, fluctuations in the euro against their home currency affect the real return, even though the bond itself is euro-denominated.
• Reinvestment risk: the 4% coupon must be reinvested at prevailing rates; if rates fall, the total return may drift below the 4.07% yield to maturity.
• Liquidity: trading volume on the Bucharest Stock Exchange (BVB) can vary, which may affect the ease and cost of entering or exiting a position.