Fidelis RON 7.5% 2032 (R3201A) Bond — Price, Coupon & Yield

What R3201A is

Fidelis RON 7.5% 2032 (R3201A) 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 7.5% coupon and matures on Jan 28, 2032, with 5.3 years remaining to maturity. It is part of the broader Fidelis retail bond lineup, which includes peers such as Fidelis RON 6.9% 2030 (R3009A), Fidelis RON 6.85% 2027 (R2707a), and Fidelis RON 7.55% 2027 (R2712D), as well as foreign-currency issues like Fidelis EUR 4.1% 2027 (R2708BE) and Fidelis EUR 5% 2029 (R2907AE).

Key numbers explained

• Price: 98.94% — the bond trades at a slight discount to its face value, meaning you pay less than the nominal amount.
• Price change today: -1.01% — the market price moved down by 1.01% on the current trading day.
• Coupon: 7.5% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's nominal value.
• Estimated yield to maturity if bought at the current price: 7.74% — the yield to maturity reflects the total return you would earn if you hold the bond to maturity, assuming all coupons are reinvested at the same rate and no default occurs.
• Years to maturity: 5.3 — the time remaining until the issuer repays the principal on Jan 28, 2032.
• Bond currency: RON — all cash flows (coupons and principal) are paid in Romanian lei.

What to watch

• Interest rate movements: when benchmark rates rise, existing bond prices tend to fall, and vice versa.
• Issuer credit conditions: changes in the fiscal outlook of the Ministerul Finantelor can affect perceived risk and pricing.
• Inflation expectations: higher-than-expected inflation can erode the real return of a fixed coupon.
• Liquidity and trading volume on the Bucharest Stock Exchange (BVB), which can affect how easily the bond is bought or sold.
• The remaining 5.3 years to maturity, which determines the bond's sensitivity to rate changes and the time horizon for receiving cash flows.