Fidelis EUR 6% 2036 (R3602AE) Bond — Price, Coupon & Yield

What R3602AE is

Fidelis EUR 6% 2036 (R3602AE) is a Romanian government bond issued by 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% coupon and matures on Feb 18, 2036, with 9.4 years remaining until maturity. It is part of the broader Fidelis family of retail bonds, which also includes peers such as Fidelis EUR 3.6% 2027 (R2704AE) and Fidelis EUR 4.5% 2031 (R3102AE).

Key numbers explained

• Price: 97.01% — the bond trades at a slight discount to its face value; for every €100 nominal, you pay about €97.01.
• Coupon: 6% — the annual interest rate paid by the issuer, typically expressed as a percentage of the nominal value.
• Estimated yield to maturity: 6.41% — the yield to maturity is the total annualised return you would earn if you bought the bond today at 97.01%, held it to maturity, and reinvested all coupons at the same rate.
• Years to maturity: 9.4 — the time remaining until the issuer repays the nominal value on 18 feb. 2036.
• Price change today: -0.4% — the bond’s price moved down by 0.4% on the current trading day.
• Bond currency: EUR — all cash flows (coupons and principal) are paid in euros.

What to watch

Bond prices generally move inversely to interest rates, so changes in the ECB policy rate or Romanian monetary conditions can affect R3602AE’s market price. Credit developments related to the Romanian sovereign, liquidity conditions on the Bucharest Stock Exchange (BVB), and the bond’s position within the Fidelis retail series (for example, compared with Fidelis RON 7.35% 2028 (R2806B) or Fidelis RON 6.55% 2027 (R2712A)) are factors that investors typically monitor. Because the bond is denominated in EUR, currency risk relative to the investor’s home currency may also be relevant.