Fidelis EUR 6% 2032 (R3204AE) Bond — Price, Coupon & Yield

What R3204AE is

Fidelis EUR 6% 2032 (R3204AE) 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 6% coupon paid until maturity on Apr 16, 2032. The bond is part of the Fidelis retail series, alongside peers such as Fidelis EUR 5.45% 2028 (R2808AE), Fidelis RON 6.3% 2028 (R2808A), Fidelis EUR 4.1% 2027 (R2708BE), Fidelis RON 7.25% 2032 (R3202A), Fidelis EUR 5.25% 2030 (R3010AE), Fidelis RON 6.9% 2030 (R3008A), and Fidelis EUR 5% 2029 (R2909BE), and is tracked in the Bonds directory.

Key numbers explained

• Price: 99.79% — the bond trades just below par (100), meaning you pay slightly less than the face value for each unit.
• Price change today: -0.11% — the small intraday move shows modest selling pressure relative to the prior close.
• Coupon: 6% — the annual interest rate paid by the issuer, expressed as a percentage of the bond’s face value.
• Estimated yield to maturity if bought at the current price: 6.04% — this yield to maturity reflects the total return you would earn if you hold the bond to Apr 16, 2032, assuming all coupons are reinvested at the same rate and no default occurs.
• Years to maturity: 5.6 — roughly the remaining time until the issuer repays the principal, which also frames the bond’s interest-rate sensitivity.
• Bond currency: EUR — all cash flows (coupons and principal) are received in euros, so currency risk is limited to EUR-based investors.

What to watch

• Interest-rate movements in the euro area, which typically push bond prices in the opposite direction.
• Romania’s fiscal and debt-management announcements, which can affect the perceived credit quality of government paper.
• Liquidity and bid–ask spreads on the Bucharest Stock Exchange (BVB), which may affect execution costs.
• The broader Fidelis retail bond series, as investor flows into or out of peer issues (e.g., Fidelis EUR 5.45% 2028 (R2808AE) or Fidelis RON 7.25% 2032 (R3202A)) can shift attention and pricing.