Fidelis RON 7.5% 2031 (R3112A) Bond — Price, Coupon & Yield

What R3112A is

Fidelis RON 7.5% 2031 (R3112A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a retail Fidelis issue denominated in RON, meaning it is designed for individual investors and pays a fixed coupon of 7.5% until maturity on Dec 17, 2031. The bond is part of the broader Fidelis retail series, which includes peers such as Fidelis RON 7.35% 2028 (R2806B) and Fidelis RON 7.5% 2036 (R3609A).

Key numbers explained

• Price: 99.96% — the bond trades just below par, so you pay slightly less than the face value for each RON 100 nominal.
• Coupon: 7.5% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 7.51% — the yield to maturity is the total return you would earn if you bought the bond today at 99.96%, held it to maturity, and reinvested coupons at the same rate.
• Years to maturity: 5.2 — roughly the remaining time until the Dec 17, 2031 maturity date, which is a medium-term horizon for a government bond.
• Price change today: +0.35% — the intraday move shows how the market price has shifted on the BVB session.
• Bond currency: RON — all cash flows (coupon and principal) are in Romanian lei, so currency risk is limited to RON itself.

What to watch

• Interest rate movements in Romania, which can push the market price of R3112A up or down.
• General developments in the Romanian government bond market, including changes in fiscal policy and inflation expectations.
• The bond’s position within the Fidelis retail series, which also includes Fidelis RON 3.65% 2031 (B3109A) and Fidelis RON 7.5% 2028 (R2803a), as liquidity and investor preferences can shift across the series.