Fidelis EUR 5.75% 2031 (R3112AE) Bond — Price, Coupon & Yield

What R3112AE is

Fidelis EUR 5.75% 2031 (R3112AE) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a fixed-income instrument, meaning it pays a set coupon each year until maturity. The bond is denominated in EUR and is part of the Fidelis retail series, alongside peers such as Fidelis EUR 5% 2030 (R3011AE) and Fidelis RON 7.5% 2031 (R3112A).

Key numbers explained

• Price: 99.5% — The bond trades just below its nominal (par) value of 100, so you pay slightly less than the face amount for each unit.
• Coupon: 5.75% — The annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 5.86% — Yield to maturity is the total annual return you would earn if you bought the bond at the current price: 99.5%, held it to maturity, and reinvested coupons at the same rate.
• Maturity: Dec 23, 2031 — The date when the issuer repays the nominal value and the bond ceases to exist.
• Years to maturity: 5.2 — The remaining time until maturity, which affects the bond's sensitivity to interest-rate changes.
• Price change today: 0% — The bond's price has not moved today relative to its previous close.

What to watch

• Interest-rate movements in the Eurozone can affect the bond's price; when rates rise, existing bond prices typically fall, and vice versa.
• Romania's credit outlook and fiscal policy decisions by Ministerul Finantelor can influence the perceived risk and trading level of government bonds.
• The bond's price may shift around the price: 99.5% level as market participants reassess the estimated yield to maturity: 5.86% relative to alternatives.
• Liquidity on the Bucharest Stock Exchange (BVB) can vary, which may affect how easily the bond can be bought or sold at a given moment.