Fidelis EUR 5.25% 2031 (R3104AE) Bond — Price, Coupon & Yield

What R3104AE is

Fidelis EUR 5.25% 2031 (R3104AE) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a fixed-rate bond in EUR with a 5.25% coupon and a maturity date of Apr 24, 2031, making it part of the Fidelis retail bond series. It is one of several Fidelis issues tracked on InvestPane, alongside peers such as Fidelis EUR 5% 2029 (R2908BE) and Fidelis EUR 5% 2029 (R2907AE).

Key numbers explained

• Price: 98.5% — the bond trades at a slight discount to its face value; for every €100 nominal, you pay roughly €98.50.
• Coupon: 5.25% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal amount.
• Estimated yield to maturity: 5.62% — the yield to maturity is the total annualised return you would earn if you bought the bond today at 98.5%, held it to maturity, and reinvested coupons at the same rate.
• Years to maturity: 4.6 — the approximate time remaining until the Apr 24, 2031 redemption date.
• Price change today: +1.55% — the bond's market price moved up by 1.55% on the current trading session.
• Bond currency: EUR — all cash flows (coupon and principal) are denominated in euros.

What to watch

• Interest rate movements — when benchmark rates rise, bond prices tend to fall, and vice versa; this affects the market price of R3104AE.
• Issuer credit quality — as a government-issued instrument, the bond's risk profile is tied to the creditworthiness of the Romanian state.
• Currency exposure — because the bond is denominated in EUR, investors should consider EUR exchange-rate risk relative to their home currency.
• Time to maturity — with 4.6 years remaining, the bond's price sensitivity to rate changes is moderate compared with longer-dated issues.
• Sector context — the Fidelis retail bond series includes multiple EUR and RON issues; investors often compare yields across the series, such as Fidelis RON 7.7% 2029 (R2906A) or Fidelis RON 7.6% 2036 (R3606A), to understand relative value.