Fidelis RON 7.1% 2029 (R2912C) Bond — Price, Coupon & Yield

What R2912C is

Fidelis RON 7.1% 2029 (R2912C) is a Romanian government bond issued by Ministerul Finantelor as part of the Fidelis retail programme. It trades on the Bucharest Stock Exchange (BVB) under the symbol R2912C and is denominated in RON. The bond pays a fixed coupon of 7.1% and matures on 17 dec. 2029, with 3.2 years remaining to maturity. As a short-to-medium term government instrument, it is often used by retail investors for predictable income and lower credit risk compared with corporate or foreign-currency bonds. In the broader Fidelis family, investors can compare it with peers such as Fidelis RON 7.8% 2030 (R3005A) or Fidelis EUR 5.75% 2031 (R3112AE) to see how coupon, currency, and maturity differ across issues.

Key numbers explained

• Price: 101.7% — the bond is quoted at a slight premium to its face value, meaning you pay 101.7 RON for every 100 RON of nominal value.
• Coupon: 7.1% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity if bought at the current price: 6.52% — this yield to maturity reflects the total return you would earn if you bought the bond today at 101.7%, held it to maturity, and reinvested coupons at the same rate; it is lower than the coupon because you are paying a premium.
• Years to maturity: 3.2 — the approximate time left until the issuer repays the nominal value, which influences the bond's sensitivity to interest-rate changes.
• Maturity: 17 dec. 2029 — the date when the issuer returns the nominal value and the last coupon is paid.
• Price change today: 0% — the bond's quoted price has not moved today, indicating no intraday price fluctuation at the time of the last update.

What to watch

• Interest-rate movements in Romania: when policy rates rise, existing bond prices tend to fall, and vice versa.
• Inflation expectations: higher-than-expected inflation can erode the real return of a fixed coupon.
• Issuer credit quality: as a government bond, credit risk is tied to the fiscal position of Ministerul Finantelor.
• Currency risk: because the bond is denominated in RON, returns for foreign investors depend on exchange-rate moves.
• Liquidity and trading volume on the Bucharest Stock Exchange (BVB), which can affect execution costs.
• Comparison with other Fidelis issues such as Fidelis EUR 5.8% 2028 (R2804AE) or Fidelis EUR 6.5% 2032 (R3206AE) to understand how currency and maturity affect yield and risk.