Fidelis EUR 6.5% 2035 (R3508AE) Bond — Price, Coupon & Yield

What R3508AE is

Fidelis EUR 6.5% 2035 (R3508AE) 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 and is denominated in EUR. The bond pays a fixed 6.5% coupon and matures on Aug 13, 2035, with 8.9 years remaining until maturity. It is part of the broader Fidelis family of retail bonds, which also includes Fidelis EUR 3.4% 2027 (R2707AE), Fidelis EUR 3.6% 2027 (R2704AE), Fidelis EUR 5.75% 2031 (R3112AE), Fidelis EUR 5% 2029 (R2908AE), Fidelis EUR 5% 2031 (R3105AE), and Fidelis RON 7.7% 2029 (R2906A), as well as Fidelis RON 7.15% 2028 (R2802B).

Key numbers explained

• Price: 100.68% — the bond trades slightly above its nominal (face) value of 100, meaning investors pay a small premium.
• Price change today: -0.27% — the market price moved down by 0.27% on the current trading day.
• Coupon: 6.5% — 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: 6.4% — the yield to maturity is the total annualised return an investor would earn if the bond is held to maturity and all coupons are reinvested at the same rate; here it is slightly below the coupon because of the premium price.
• Years to maturity: 8.9 — the approximate time remaining until the issuer repays the nominal value on the maturity date.
• Maturity: Aug 13, 2035 — the date on which the issuer returns the nominal amount to bondholders and the bond ceases to exist.
• Bond currency: EUR — all cash flows (coupons and principal) are paid in euro.

What to watch

• Interest rate movements: when market rates rise, existing bond prices tend to fall, and vice versa; longer-dated bonds are generally more sensitive.
• Credit risk of the issuer: changes in Romania's fiscal outlook or sovereign credit assessments can affect the bond's price and yield.
• EUR exchange-rate fluctuations: for investors holding the bond in a non-euro currency, FX moves affect the effective return.
• Supply and demand within the Fidelis retail series: the presence of other series such as Fidelis EUR 3.4% 2027 (R2707AE) or Fidelis EUR 5.75% 2031 (R3112AE) can influence relative trading activity.
• Liquidity on the Bucharest Stock Exchange (BVB): trading volume and bid–ask spreads may vary, especially around coupon dates.