Fidelis EUR 6% 2032 (R3203AE) Bond — Price, Coupon & Yield
Price
99.5%
+0.2%
Key statistics
| Type | Romanian government bond (Fidelis) |
|---|---|
| Issuer | Ministerul Finantelor |
| Price (% of face value) | 99.5% |
| Coupon | 6% |
| Maturity | Mar 19, 2032 |
| Years to maturity | 5.5 |
| Est. yield to maturity | 6.11% |
| Currency | EUR |
| ISIN | ROW1WT1KVBM6 |
| Exchange | BVB |
Yield to maturity is an approximation assuming the bond is held to maturity and repaid at 100% of face value.
Overview
What R3203AE is
Fidelis EUR 6% 2032 (R3203AE) is a bond issued by the Romanian Ministry of Finance (Ministerul Finantelor) and listed on the Bucharest Stock Exchange (BVB). It is a Romanian government bond (Fidelis retail issue) denominated in EUR, with a fixed coupon of 6% and a maturity date of Mar 19, 2032. The bond trades under the symbol R3203AE and ISIN ROW1WT1KVBM6, and is part of the broader Fidelis government bond series that also includes Fidelis RON 7.6% 2032 (R3204A), Fidelis RON 7.9% 2027 (R2712B), Fidelis RON 7.5% 2031 (R3112A), Fidelis RON 7.25% 2026 (R2612A), Fidelis EUR 3.6% 2029 (R2902AE), Fidelis RON 7.35% 2027 (R2706A), and Fidelis EUR 4% 2027 (R2702AE).
Key numbers explained
- Price: 99.5% — the bond is trading just below its nominal (par) value, meaning you pay slightly less than the face amount per unit.
- Coupon: 6% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
- Estimated yield to maturity: 6.11% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current 99.5% price and held it to the Mar 19, 2032 maturity, assuming all coupons are reinvested at the same rate.
- Years to maturity: 5.5 — the remaining time until the issuer repays the nominal value, which is a key input for the yield calculation.
- Price change today: +0.2% — the intraday move in the bond's quoted price.
- Bond currency: EUR — all cash flows (coupon and principal) are in euros, which matters for investors comparing returns across currencies.
What to watch
- Interest rate movements in the euro area, which can push bond prices up or down.
- Romania's fiscal and debt dynamics, as government bonds are sensitive to sovereign credit perception.
- The bond's position within the Fidelis series — for context, see the Bonds directory and compare with Fidelis EUR 3.6% 2029 (R2902AE) and Fidelis EUR 4% 2027 (R2702AE).
- Liquidity and trading volume on the Bucharest Stock Exchange (BVB), which can affect execution costs.
Latest news & filings
No recent headlines.
Frequently asked questions
Does R3203AE pay a dividend?
No. R3203AE is a bond, not a share, so it does not pay a dividend. It pays a fixed coupon of 6% annually.
What is the R3203AE P/E ratio?
The P/E ratio is a metric for equities, not bonds. For R3203AE, the relevant valuation figures are the quoted price of 99.5% and the estimated yield to maturity of 6.11%.
Where can I buy R3203AE?
R3203AE trades on the Bucharest Stock Exchange (BVB) under the symbol R3203AE. You would place the order through a broker that has access to the BVB market.
What is the maturity date of R3203AE?
The maturity date is Mar 19, 2032, after which the issuer returns the nominal value to the bondholder.
What is the coupon of R3203AE?
The coupon is 6%, paid annually as a fixed percentage of the bond's nominal value.
Is R3203AE a government bond?
Yes. It is a Romanian government bond (Fidelis retail issue) issued by Ministerul Finantelor.
Related
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