Fidelis RON 7.6% 2032 (R3204A) Bond — Price, Coupon & Yield
Price
99.91%
-0.08%
Key statistics
| Type | Romanian government bond (Fidelis) |
|---|---|
| Issuer | Ministerul Finantelor |
| Price (% of face value) | 99.91% |
| Coupon | 7.6% |
| Maturity | Apr 24, 2032 |
| Years to maturity | 5.6 |
| Est. yield to maturity | 7.62% |
| Currency | RON |
| ISIN | ROERZSYG42J1 |
| Exchange | BVB |
Yield to maturity is an approximation assuming the bond is held to maturity and repaid at 100% of face value.
Overview
What R3204A is
Fidelis RON 7.6% 2032 (R3204A) is a Romanian government bond issued by Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a retail Fidelis issue denominated in RON, with a fixed coupon of 7.6% and maturity on Apr 24, 2032. As of the latest data, the bond trades at 99.91% of face value, with a price change today of -0.08%. It belongs to the Government (Fidelis) sector and is part of the broader Romanian government bond market, alongside peers such as Fidelis RON 7.8% 2030 (R3003A) and Fidelis RON 7.9% 2027 (R2712B).
Key numbers explained
- Price: 99.91% — the bond is trading just below par (100), meaning you pay slightly less than the face value for each unit of nominal.
- Coupon: 7.6% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
- Estimated yield to maturity: 7.62% — the yield to maturity is the total annualised return you would earn if you bought the bond today at 99.91% and held it to maturity, assuming all coupons are reinvested at the same rate.
- Years to maturity: 5.6 — the approximate time remaining until the issuer repays the nominal value on Apr 24, 2032.
- Price change today: -0.08% — the bond’s market price has moved slightly lower relative to the previous close.
- Bond currency: RON — all cash flows (coupons and principal) are paid in Romanian lei.
What to watch
Bond prices generally move inversely to interest-rate changes, so shifts in the monetary-policy stance of the National Bank of Romania can affect R3204A’s valuation. Credit developments related to the issuer, Ministerul Finantelor, and broader fiscal trends in Romania are also relevant. Liquidity conditions on the Bucharest Stock Exchange (BVB) and the relative spread compared to peers such as Fidelis EUR 6.5% 2035 (R3510AE) or Fidelis RON 7.5% 2036 (R3608a) can influence trading volume and price volatility. Investors typically monitor inflation expectations and the overall yield curve when assessing bonds of this type.
Latest news & filings
No recent headlines.
Frequently asked questions
Does R3204A pay a dividend?
No. R3204A is a bond, not a share, so it pays a fixed coupon of 7.6% rather than a dividend.
What is the R3204A P/E ratio?
The P/E ratio is a metric for equities and does not apply to R3204A. For this bond, the relevant valuation figure is the price of 99.91% and the estimated yield to maturity of 7.62%.
Where can I buy R3204A?
R3204A trades on the Bucharest Stock Exchange (BVB) under the symbol R3204A. You would place the order through a broker that provides access to the BVB market.
What is the maturity date of R3204A?
The bond matures on Apr 24, 2032, after which the issuer returns the nominal value to the bondholder.
Who issues R3204A?
The issuer is Ministerul Finantelor, the Romanian Ministry of Finance, which issues the Fidelis retail bond series.
What currency does R3204A use?
The bond currency is RON (Romanian lei); both coupon payments and the principal repayment at maturity are made in RON.
Related
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