Fidelis RON 7.5% 2032 (R3205A) Bond — Price, Coupon & Yield

What R3205A is

Fidelis RON 7.5% 2032 (R3205A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail series, which means it is structured for individual investors rather than institutional placements. The bond pays a fixed 7.5% coupon in RON and matures on May 20, 2032, at which point the issuer returns the principal. In the context of a multi-broker portfolio tracker like InvestPane, R3205A is a core holding for investors seeking predictable, local-currency income. It sits alongside other Fidelis issues such as Fidelis RON 7.45% 2028 (R2801B) and Fidelis RON 6.6% 2030 (R3003c), which differ mainly in coupon and maturity.

Key numbers explained

• Price: 100.1% — the bond trades just above par, meaning you pay slightly more than the nominal value for each unit of face value.
• Coupon: 7.5% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 7.48% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current price and held it to maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 5.7 — the approximate time remaining until the issuer repays the principal on May 20, 2032.
• Price change today: +0.1% — the bond's price moved up slightly on the current trading session.
• Bond currency: RON — all cash flows (coupon payments and principal repayment) are denominated in Romanian lei.

What to watch

• Interest rate movements: when benchmark rates rise, existing fixed-coupon bonds like R3205A typically fall in price, and vice versa.
• Issuer credit quality: as a government bond, R3205A is sensitive to Romania's fiscal outlook and sovereign credit assessments.
• Inflation and RON stability: because the bond pays in local currency, inflation and currency fluctuations affect the real purchasing power of its future cash flows.
• Liquidity and trading volume: the ease with which R3205A can be bought or sold on the BVB may vary with market conditions.
• Comparison with peers: investors often compare R3205A with other Fidelis issues such as Fidelis RON 7.1% 2030 (R3001A) or Fidelis EUR 4.1% 2027 (R2709be) to understand relative value across currencies and maturities.