Fidelis RON 7.6% 2029 (R2910C) Bond — Price, Coupon & Yield

What R2910C is

Fidelis RON 7.6% 2029 (R2910C) is a Romanian government bond issued by Ministerul Finantelor as part of the Fidelis retail programme and listed on the Bucharest Stock Exchange (BVB). It pays a fixed 7.6% coupon in RON and matures on 22 oct. 2029, with 3.1 years remaining. It is denominated in RON and trades under the symbol R2910C (ISIN ROZQU0AW6A08). It belongs to the Government (Fidelis) sector and can be compared with other Fidelis retail issues such as Fidelis RON 6.95% 2027 (R2711A) or Fidelis RON 7.1% 2030 (R3001A).

Key numbers explained

• 100.95% — the current price, meaning the bond trades just above par (100). For a fixed-rate bond, price moves inversely to market yields.
• 7.6% — the annual coupon rate, paid on the nominal value; this is the contractual cash flow, not the return you actually earn if you buy at a different price.
• 7.26% — the yield to maturity if bought at the current price, which accounts for the coupon, the small premium paid, and the cash flows received until maturity.
• -0.02% — the price change today, a small decline measured in percentage points of the price.
• 3.1 — years to maturity, the approximate time left until the principal is repaid at maturity.
• 22 oct. 2029 — the maturity date, when the final coupon and the nominal value are repaid.

What to watch

• Market interest rates: when benchmark rates rise, existing fixed-coupon bonds like R2910C typically fall in price, and vice versa.
• RON exchange-rate movements: as a RON-denominated bond, its local-currency return can be affected by currency fluctuations for investors holding other currencies.
• Issuer credit perception: as a government bond, it is sensitive to fiscal and political developments in Romania, though it is generally considered lower risk than corporate alternatives.
• Supply and demand on BVB: trading volume and liquidity can affect the bid–ask spread and how easily the bond can be bought or sold near the quoted price.
• Comparison with peers: investors often look at other Fidelis retail bonds such as Fidelis RON 6.95% 2027 (R2711A) or Fidelis RON 6.9% 2030 (R3006a) to contextualise yield and maturity.