Fidelis EUR 4.5% 2031 (R3102AE) Bond — Price, Coupon & Yield
Price
96.4%
0%
Key statistics
| Type | Romanian government bond (Fidelis) |
|---|---|
| Issuer | Ministerul Finantelor |
| Price (% of face value) | 96.4% |
| Coupon | 4.5% |
| Maturity | Feb 18, 2031 |
| Years to maturity | 4.4 |
| Est. yield to maturity | 5.42% |
| Currency | EUR |
| ISIN | ROWHEG1FHZQ1 |
| Exchange | BVB |
Yield to maturity is an approximation assuming the bond is held to maturity and repaid at 100% of face value.
Overview
What R3102AE is
Fidelis EUR 4.5% 2031 (R3102AE) is a Romanian government bond issued by Ministerul Finantelor as part of the Fidelis retail programme. It trades on the Bucharest Stock Exchange (BVB) and pays a fixed 4.5% coupon in EUR until maturity on Feb 18, 2031. The bond is listed under ISIN ROWHEG1FHZQ1 and is part of the broader Fidelis family, which includes peers such as Fidelis EUR 4.1% 2027 (R2708BE), Fidelis EUR 4.15% 2028 (R2810CE), and Fidelis EUR 5.45% 2028 (R2808AE).
Key numbers explained
- Price: 96.4% — the bond is quoted as a percentage of its nominal (face) value, so an investor pays 96.4 units for every 100 units of nominal value.
- Yield to maturity — the 5.42% yield to maturity is the estimated total return if the bond is bought at the current 96.4% price and held to Feb 18, 2031, assuming all coupons are reinvested at the same rate.
- Coupon: 4.5% — the annual interest paid by Ministerul Finantelor, expressed as a percentage of the bond's nominal value.
- Maturity: Feb 18, 2031 — the date when the final coupon and the nominal value are repaid, with 4.4 years remaining.
- Price change today: 0% — the quoted price has not moved today, indicating no intraday price fluctuation.
- Bond currency: EUR — all cash flows (coupon and principal) are denominated in euros, which may expose investors to currency risk if their base currency differs.
What to watch
- Interest rate movements: when benchmark rates rise, existing bond prices typically fall, and vice versa.
- Credit risk: although issued by Ministerul Finantelor, changes in Romania's fiscal outlook or sovereign ratings can affect perceived risk and price.
- Currency risk: because the bond pays in EUR, investors not holding euros may face exchange-rate fluctuations.
- Yield curve shifts: changes in the shape of the yield curve can affect the relative attractiveness of bonds with different maturities, such as this 4.4-year instrument compared with Fidelis RON 7.1% 2032 (R3203A) or Fidelis RON 7.3% 2028 (R2807B).
- Liquidity and trading volume on the Bucharest Stock Exchange (BVB), which can affect execution costs.
Latest news & filings
No recent headlines.
Frequently asked questions
Does R3102AE pay a dividend?
No. R3102AE is a bond, not a share, so it pays a fixed coupon of 4.5% rather than a dividend.
What is the R3102AE P/E ratio?
The P/E ratio is a metric for equities and does not apply to bonds. For R3102AE, the relevant valuation metric is the price of 96.4% and the estimated yield to maturity of 5.42%.
Where can I buy R3102AE?
R3102AE trades on the Bucharest Stock Exchange (BVB) under the symbol R3102AE and ISIN ROWHEG1FHZQ1.
What is the maturity date of R3102AE?
The bond matures on Feb 18, 2031, with 4.4 years remaining.
Who issues R3102AE?
The issuer is Ministerul Finantelor, as part of the Fidelis retail bond programme.
What currency does R3102AE use?
The bond's currency is EUR, so coupon payments and the principal repayment are made in euros.
Related
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