Fidelis EUR 4.75% 2030 (R3012AE) Bond — Price, Coupon & Yield

What R3012AE is

Fidelis EUR 4.75% 2030 (R3012AE) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail series and is denominated in EUR, making it one of the few local government bonds accessible to investors who prefer to hold exposure in euros. The bond pays a fixed 4.75% coupon and matures on Dec 17, 2030, with 4.2 years remaining until maturity. In the InvestPane universe, it sits alongside peers such as Fidelis EUR 6.25% 2032 (R3202AE) and Fidelis EUR 6.25% 2036 (R3605AE), which share the same currency but differ in coupon and maturity.

Key numbers explained

• Price: 97.5% — the bond trades at a discount to its face value, meaning you pay 97.5 for every 100 of nominal amount.
• Coupon: 4.75% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Yield to maturity — the 5.41% figure estimates the total return if the bond is bought at the current 97.5 price and held to Dec 17, 2030, assuming all coupons are reinvested at the same rate.
• Years to maturity: 4.2 — the approximate time left until the issuer repays the principal, which influences the bond's sensitivity to interest-rate changes.
• Price change today: 0% — the bond's quoted price has not moved today, indicating no intraday price discovery on the BVB.
• Bond currency: EUR — unlike the Fidelis RON 7.5% 2032 (R3201A) or Fidelis RON 6.85% 2027 (R2704a) series, this issue removes currency risk for euro-based investors.

What to watch

• Interest-rate environment — as a fixed-coupon bond with 4.2 years to maturity, its price will move inversely to market yields.
• Romanian sovereign credit developments — changes in fiscal policy or credit ratings can affect the perceived risk of all Fidelis issues, including this EUR-denominated series.
• EUR/RON exchange-rate fluctuations — while the bond is euro-denominated, the issuer's ability to service euro obligations is linked to local-currency revenues.
• Liquidity on the BVB — trading volume in individual Fidelis retail bonds can be thin, which may affect execution costs.
• Reinvestment risk — the 4.75% coupons must be reinvested at prevailing rates, which may differ from the current 5.41% yield to maturity.