Fidelis RON 7.1% 2032 (R3203A) Bond — Price, Coupon & Yield

What R3203A is

Fidelis RON 7.1% 2032 (R3203A) 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 7.1% coupon and matures on Mar 18, 2032, with 5.5 years remaining until maturity. At the time of writing, its price is 97.2% of face value, down 1.22% today. It is part of the broader Fidelis family of retail bonds, which also includes Fidelis RON 7.5% 2032 (R3201A), Fidelis RON 7.95% 2031 (R3106A), and Fidelis RON 6.9% 2028 (R2803B).

Key numbers explained

• Price: 97.2% — the bond trades below par (100), meaning you pay 97.2 RON for each 100 RON of face value.
• Coupon: 7.1% — the annual interest rate paid by the issuer, expressed as a percentage of face value.
• Estimated yield to maturity: 7.72% — the yield to maturity reflects the total return if the bond is bought at the current price and held to maturity, accounting for the price discount and coupon payments.
• Price change today: -1.22% — the intraday move shows how the market price has shifted since the previous close.
• Years to maturity: 5.5 — the remaining time until the issuer repays the face value at maturity.
• Maturity: Mar 18, 2032 — the date on which the final principal repayment is due.

What to watch

Bond prices generally move inversely to interest rates, so changes in the monetary policy environment can affect R3203A's price. Credit developments related to the Romanian sovereign, liquidity conditions on the Bucharest Stock Exchange (BVB), and inflation expectations are also relevant factors. Investors comparing this issue with peers may look at Fidelis RON 7.5% 2032 (R3201A) or Fidelis RON 7.95% 2031 (R3106A) for context on the Fidelis retail curve.