Fidelis EUR 6.3% 2032 (R3207AE) Bond — Price, Coupon & Yield

What R3207AE is

Fidelis EUR 6.3% 2032 (R3207AE) is a Romanian government bond issued by the Romanian Ministry of Finance (Ministerul Finantelor) and listed on the Bucharest Stock Exchange (BVB). It is a retail Fidelis issue denominated in EUR, meaning it is designed for individual investors and pays interest in euros. The bond is part of the broader Fidelis family of retail bonds, which also includes instruments such as Fidelis EUR 4% 2029 (R2906AE) and Fidelis EUR 4.8% 2031 (R3107AE).

Key numbers explained

• Price: 100% — the bond is trading at par, meaning its market price equals its face value; the investor pays 100 units of nominal value for every 100 units.
• Coupon: 6.3% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity if bought at the current price: 6.3% — the yield to maturity is the total annual return an investor would earn if the bond is held to maturity, assuming all coupons are reinvested at the same rate; here it equals the coupon because the price is at par.
• Maturity: Jul 16, 2032 — the date on which the issuer repays the final coupon and the nominal principal.
• Years to maturity: 5.8 — the remaining time until maturity, expressed in years.
• Price change today: 0% — the bond's price has not moved today relative to its previous close.

What to watch

• Interest rate movements: bond prices generally move inversely to market interest rates; rising rates tend to push prices down, while falling rates tend to push them up.
• Issuer credit quality: as a government bond, the credit risk is tied to the Romanian state's fiscal position and its ability to meet payments.
• Currency exposure: because the bond is denominated in EUR, investors are exposed to EUR fluctuations relative to their home currency.
• Reinvestment risk: the 6.3% coupon payments may need to be reinvested at rates that differ from the current yield.
• Liquidity: trading volume on the BVB can affect how easily the bond can be bought or sold near its quoted price.