Fidelis EUR 4% 2029 (R2909AE) Bond — Price, Coupon & Yield

What R2909AE is

Fidelis EUR 4% 2029 (R2909AE) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail series and is denominated in EUR, with a fixed 4% coupon paid until maturity on Sep 16, 2029. As a government bond, it is typically viewed as a lower-risk credit instrument compared with corporate bonds, and it is part of the broader Fidelis retail bond lineup that includes peers such as Fidelis EUR 4.75% 2031 (R3101AE) and Fidelis EUR 3.75% 2026 (R2612BE).

Key numbers explained

• Price: 99.6% — the bond trades just below par, meaning you pay slightly less than the nominal value for each unit 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: 4.14% — the yield to maturity is the total return you would earn if you bought the bond today at 99.6%, held it to Sep 16, 2029, and reinvested all coupons at the same rate.
• Price change today: -1.48% — the intraday move in the bond's quoted price.
• Years to maturity: 3 — roughly the time remaining until the issuer repays the nominal value at maturity.
• Bond currency: EUR — all cash flows (coupon and principal) are in euros.
• Sector: Government (Fidelis) — the issuer is the Romanian state, with the bond issued under the Fidelis retail programme.

What to watch

Bond prices generally move inversely to interest rates, so changes in the ECB policy rate or Romanian monetary conditions can affect R2909AE's price. Credit developments in Romania, including fiscal and debt metrics, can influence perceived risk for government paper. Liquidity on the Bucharest Stock Exchange (BVB) may vary, which can affect how easily positions are entered or exited. Investors often compare R2909AE with other Fidelis retail issues, such as Fidelis RON 7.35% 2027 (R2706a) or Fidelis RON 6.3% 2028 (R2809a), to understand relative value across currencies and coupons. For a broader view of available instruments, see the Bonds directory.