Fidelis RON 7.55% 2036 (R3607A) Bond — Price, Coupon & Yield

What R3607A is

Fidelis RON 7.55% 2036 (R3607A) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It is a retail Fidelis issue denominated in RON, meaning it is designed for local investors and pays interest in Romanian lei. The bond belongs to the Government (Fidelis) sector and matures on Jul 15, 2036, giving it a remaining term of 9.8 years. It is part of the broader Fidelis retail bond series, which also includes instruments such as Fidelis RON 7.95% 2031 (R3106A), Fidelis RON 6.75% 2030 (R3002C), and Fidelis RON 7.95% 2031 (R3107A), as well as foreign-currency issues like Fidelis EUR 5.25% 2030 (R3008AE) and Fidelis EUR 5% 2031 (R3105AE).

Key numbers explained

• Price: 100.13% — the bond trades just above par, meaning you pay slightly more than the nominal value for each unit.
• Coupon: 7.55% — 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: 7.53% — the yield to maturity reflects the total return you would earn if you hold the bond to maturity and reinvest coupons at the same rate; because the price is above par, the yield is slightly below the coupon.
• Maturity: Jul 15, 2036 — the date when the issuer repays the nominal value and the final coupon is paid.
• Years to maturity: 9.8 — the remaining time until maturity, which is a common measure of a bond’s interest-rate sensitivity.
• Price change today: -0.02% — the intraday move, showing the bond is down marginally relative to its previous close.

What to watch

• Interest-rate movements in Romania, which can push bond prices up or down and affect the yield to maturity of R3607A.
• Sovereign credit developments that may change the perceived risk of Romanian government paper.
• Inflation expectations, which influence real returns and the relative attractiveness of fixed coupons.
• Liquidity and trading volume on the Bucharest Stock Exchange (BVB), which can affect execution costs.
• Comparisons with peer Fidelis retail bonds such as Fidelis EUR 4.15% 2028 (R2810CE) and Fidelis EUR 3.75% 2027 (R2703AE) for context on yields and terms.
• The full Bonds directory for an overview of available instruments.