Fidelis RON 7.35% 2029 (R2911A) Bond — Price, Coupon & Yield

What R2911A is

Fidelis RON 7.35% 2029 (R2911A) is a Romanian government bond issued by the Ministry of Finance (Ministerul Finanțelor) and listed on the Bucharest Stock Exchange (BVB). It is a retail Fidelis issue denominated in RON, meaning it pays interest and returns principal in Romanian lei. As a government bond, it is part of the sovereign debt issued to fund public finances, and it sits alongside other Fidelis retail bonds such as Fidelis RON 6.45% 2028 (R2801A) and Fidelis RON 7.5% 2032 (R3201a).

Key numbers explained

• Price 99.5%: The bond trades at 99.5% of its nominal value, which means it is priced slightly below par.
• Coupon 7.35%: The annual coupon rate is 7.35%, paid on the nominal value.
• Estimated yield to maturity 7.53%: If you buy the bond today at 99.5% and hold it to maturity, the yield to maturity is approximately 7.53%, reflecting both the coupon and the small capital gain from the discount.
• Maturity Nov 19, 2029: The bond matures on 19 nov. 2029, at which point the issuer repays the nominal value.
• Years to maturity 3.2: There are 3.2 years remaining until maturity, which places it in the short-to-medium maturity segment.
• Price change today +0.5%: The price moved up by +0.5% today, a modest intraday change.

What to watch

• Interest rate movements in Romania, which affect the market price of fixed-coupon bonds like R2911A.
• The issuer's credit profile, as government bonds are influenced by fiscal and monetary policy developments.
• The remaining time to maturity, which shortens as the 19 nov. 2029 date approaches and reduces the impact of interest rate changes on price.
• The relationship between the 7.35% coupon and prevailing market yields, which determines whether the bond trades at a discount or premium.
• The availability of comparable Fidelis bonds, such as Fidelis RON 7.5% 2032 (R3201a), for context on relative value.