Fidelis EUR 6.2% 2035 (R3512AE) Bond — Price, Coupon & Yield

What R3512AE is

Fidelis EUR 6.2% 2035 (R3512AE) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail bond series and is denominated in EUR. The bond pays a fixed 6.2% coupon and matures on Dec 17, 2035, with 9.2 years remaining until maturity. It is part of the broader Fidelis retail bond lineup, which includes peers such as Fidelis EUR 4.5% 2031 (R3102AE), Fidelis EUR 1.6% 2026 (R2610AE), and Fidelis EUR 3.75% 2026 (R2612BE).

Key numbers explained

• Price: 99.16% — the bond trades slightly below its nominal (par) value, meaning you pay less than the face amount for each unit of nominal value.
• Coupon: 6.2% — the annual interest rate paid by the issuer, expressed as a percentage of the bond’s nominal value.
• Estimated yield to maturity: 6.32% — the yield to maturity is the total return you would earn if you buy the bond at the current 99.16% price and hold it to maturity, assuming all coupons are reinvested at the same rate.
• Years to maturity: 9.2 — the time remaining until the issuer repays the nominal value at maturity.
• Price change today: -0.01% — the bond’s price moved down slightly on the current trading day.
• Bond currency: EUR — all cash flows (coupons and principal) are paid in euros.

What to watch

• Interest rate movements: when market rates rise, existing bond prices typically fall, and vice versa.
• Issuer credit quality: changes in Romania’s fiscal outlook or sovereign credit ratings can affect the bond’s price and yield.
• Inflation expectations: higher-than-expected inflation can erode the real return of a fixed coupon like 6.2%.
• Liquidity on the Bucharest Stock Exchange (BVB): trading volume can affect how easily the bond is bought or sold near its quoted 99.16% price.
• Comparison with other Fidelis retail bonds, such as Fidelis RON 7.55% 2036 (R3607A) or Fidelis RON 6.75% 2030 (R3002C), which offer different coupons and currencies.