Fidelis EUR 4.75% 2031 (R3101AE) Bond — Price, Coupon & Yield

What R3101AE is

Fidelis EUR 4.75% 2031 (R3101AE) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a fixed-coupon bond, meaning it pays a set interest rate each year until the maturity date. The bond is denominated in EUR and is part of the Fidelis retail series, alongside peers such as Fidelis EUR 4.8% 2031 (R3107AE) and Fidelis EUR 3.9% 2029 (R2907CE).

Key numbers explained

• Price: 97.5% — the bond trades at 97.5% of its face value, so you pay less than the nominal amount.
• Coupon: 4.75% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 5.39% — the yield to maturity is the total return you would earn if you bought the bond today at 97.5% and held it to maturity, assuming all coupons are reinvested at the same rate.
• Maturity: Jan 28, 2031 — the date when the issuer repays the nominal value and the bond ceases to exist.
• Years to maturity: 4.3 — the approximate time remaining until maturity, which affects the bond's sensitivity to interest-rate changes.
• Price change today: 0% — the bond's price has not moved today, indicating no intraday price fluctuation.

What to watch

• Interest-rate movements in the Eurozone can affect the bond's price; when rates rise, existing bond prices typically fall, and vice versa.
• The issuer's credit quality, tied to Romania's sovereign rating, influences perceived risk and can move the price.
• The remaining time to maturity (4.3 years) means the bond is moderately exposed to rate changes compared with shorter- or longer-dated issues.
• The fixed coupon: 4.75% provides a known income stream, but its real purchasing power can be eroded by inflation.
• For comparison, investors often look at other Fidelis retail bonds such as Fidelis EUR 5.5% 2030 (R3007AE) or Fidelis EUR 5% 2029 (R2903AE) to understand relative value within the series.