Fidelis RON 7.9% 2031 (R3108A) Bond — Price, Coupon & Yield

What R3108A is

Fidelis RON 7.9% 2031 (R3108A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in RON. The bond pays a fixed 7.9% coupon and matures on Aug 13, 2031, with 4.9 years remaining until maturity. At the current price of 100.3%, it trades close to par, and its estimated yield to maturity is 7.83% if bought today and held to maturity. Within the InvestPane bond universe, it is a Romanian government bond peer to instruments such as Fidelis RON 7.1% 2029 (R2912C), Fidelis RON 7.1% 2032 (R3203A), and Fidelis RON 7.25% 2032 (R3202A).

Key numbers explained

• Price: 100.3% — the bond is quoted as a percentage of its face value; 100.3% means it trades slightly above par.
• Coupon: 7.9% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 7.83% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current price and held it until maturity, assuming all coupons are reinvested at the same rate.
• Maturity: Aug 13, 2031 — the date when the issuer repays the final coupon and the principal.
• Years to maturity: 4.9 — the time remaining until the maturity date, which affects the bond's sensitivity to interest-rate changes.
• Price change today: -0.31% — the intraday move in the quoted price, showing the bond is down slightly on the day.
• Bond currency: RON — all cash flows (coupons and principal) are paid in Romanian lei.

What to watch

• Interest-rate movements in Romania, which can push the quoted price away from par.
• The issuer's credit profile, as government bonds are sensitive to fiscal and political developments.
• Inflation expectations, which can influence the real return of a fixed coupon.
• Liquidity conditions on the Bucharest Stock Exchange (BVB), which affect how easily the bond can be traded.
• The level of the yield curve for Romanian government bonds, which provides context for the 7.83% yield to maturity relative to shorter- or longer-dated peers.