Fidelis RON 7.5% 2036 (R3608A) Bond — Price, Coupon & Yield

What R3608A is

Fidelis RON 7.5% 2036 (R3608A) 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 RON. The bond pays a fixed coupon and is part of the broader Bonds directory, where it sits alongside peers such as Fidelis RON 8.2% 2027 (R2708B) and Fidelis RON 7.5% 2032 (R3201A).

Key numbers explained

• Price: 100% — the bond is trading at par, meaning its market price equals its face value.
• Coupon: 7.5% — the annual interest payment as a percentage of the face value.
• Estimated yield to maturity if bought at the current price: 7.5% — the yield to maturity equals the coupon because the price is at par; it represents the total return if held to maturity, assuming all coupons are reinvested at the same rate.
• Maturity: Aug 19, 2036 — the date when the issuer repays the final coupon and the principal.
• Years to maturity: 9.9 — the time remaining until the maturity date.
• Price change today: +0.5% — the bond's price moved up by half a percent on the current trading day.

What to watch

Bond prices move inversely to interest rates, so changes in the monetary policy environment can affect R3608A's market price. Credit risk for this issue is tied to the Romanian sovereign. As a retail Fidelis bond, it is part of a series that includes Fidelis EUR 4.85% 2031 (R3106AE), Fidelis EUR 5.8% 2036 (R3606AE), and Fidelis EUR 3.85% 2027 (R2705AE), which can provide context for how investors view the Fidelis franchise across currencies and maturities.