Fidelis RON 7.7% 2031 (R3111A) Bond — Price, Coupon & Yield

What R3111A is

Fidelis RON 7.7% 2031 (R3111A) is a Romanian government bond issued by the Romanian Ministry of Finance (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 coupon of 7.7% and matures on Nov 19, 2031, with 5.2 years remaining until maturity. It is part of the broader Fidelis retail bond lineup, which also includes Fidelis RON 6.9% 2030 (R3008A) and Fidelis RON 7.95% 2027 (R2711B).

Key numbers explained

• Price: 100.36% — the bond trades just above par (100), meaning it costs slightly more than its face value.
• Price change today: +0.16% — the intraday move relative to the previous close.
• Coupon: 7.7% — the annual interest rate paid by the issuer, expressed as a percentage of face value.
• Estimated yield to maturity if bought at the current price: 7.62% — the yield to maturity reflects the total return if the bond is held to maturity, assuming all coupons are reinvested at the same rate and no default occurs. Because the price is above par, the yield is slightly below the coupon.
• Maturity: Nov 19, 2031 — the date when the issuer repays the final principal installment.
• Years to maturity: 5.2 — the remaining time until the bond reaches its maturity date.
• Bond currency: RON — all cash flows (coupon payments and principal repayment) are made in Romanian lei.

What to watch

• Interest rate movements: when benchmark rates rise, existing bond prices typically fall, and vice versa.
• Issuer credit quality: as a government-issued instrument, this bond carries the credit profile of the Romanian state.
• Inflation and purchasing power: because the bond is denominated in RON, inflation in Romania can affect the real return.
• Liquidity and trading volume on the BVB, which can affect how easily the bond is bought or sold.
• Changes in the bond’s price and yield throughout the trading session.