Fidelis EUR 6.5% 2035 (R3510AE) Bond — Price, Coupon & Yield

What R3510AE is

Fidelis EUR 6.5% 2035 (R3510AE) 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, paying a fixed 6.5% coupon until maturity on Oct 22, 2035. It belongs to the Government (Fidelis) sector and is part of the broader Fidelis RON 7.15% 2028 (R2802B) family of Romanian government retail bonds, which also includes peers such as Fidelis EUR 3.4% 2027 (R2707AE) and Fidelis RON 6.9% 2030 (R3006A).

Key numbers explained

• Price 100.8%: the bond trades slightly above par, meaning you pay 100.8 for every 100 of face value.
• Coupon 6.5%: the annual interest paid as a percentage of face value, not of the purchase price.
• Estimated yield to maturity 6.39%: the yield to maturity reflects the total return if you buy at the current 100.8% price and hold to Oct 22, 2035, assuming all coupons are reinvested at the same rate.
• Years to maturity 9.1: the bond has 9.1 years remaining until the final principal repayment.
• Price change today -0.19%: the bond’s price moved down by 0.19% on the current trading day.
• Bond currency EUR: all coupon payments and the principal repayment are made in euros.

What to watch

For a bond like Fidelis EUR 6.5% 2035 (R3510AE), price and yield move in opposite directions, so rising market yields typically push the price below par and falling yields push it above par. Credit conditions for Romanian government debt, euro-area interest-rate policy, and inflation expectations can all affect the bond’s market price and yield to maturity. Because the bond has a long maturity of 9.1 years, its price tends to be more sensitive to interest-rate changes than shorter-dated bonds. Investors also monitor Romania’s fiscal trajectory and euro-area funding conditions, which can influence the spread between Romanian government bonds and benchmark euro sovereign debt. For comparison, see the Fidelis EUR 3.85% 2027 (R2705AE) and Fidelis EUR 3.6% 2029 (R2902AE) issues, which have different coupons and maturities.