Fidelis EUR 6.3% 2036 (R3608AE) Bond — Price, Coupon & Yield

What R3608AE is

Fidelis EUR 6.3% 2036 (R3608AE) 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, with a fixed coupon of 6.3% and a maturity date of Aug 19, 2036. The bond is part of the Government (Fidelis) sector on BVB and trades under the symbol R3608AE with ISIN RO1IHGTEY521. It is a fixed-income instrument, meaning it pays a set coupon until maturity, when the issuer returns the principal.

Key numbers explained

• Price: 99.27% — the bond is trading slightly below its nominal (par) value, which means it is available at a small discount.
• Coupon: 6.3% — 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: 6.4% — the yield to maturity is the total return an investor would earn if the bond is held to maturity, assuming all coupons are reinvested at the same rate; here it is slightly above the coupon because the purchase price is below par.
• Price change today: -0.21% — the bond’s price has moved down by 0.21% on the current trading day.
• Years to maturity: 9.9 — there are roughly 9.9 years remaining until the Aug 19, 2036 maturity, which places it in the medium-to-long-term segment of the bond market.
• Bond type: Romanian government bond (Fidelis retail issue) — this is a sovereign retail bond, meaning it is issued by the state and targeted at individual investors.

What to watch

• Interest rate movements in the Eurozone and Romania can affect bond prices; when rates rise, existing bond prices tend to fall, and vice versa.
• Romania’s fiscal and debt dynamics, including budget deficits and financing needs, can influence the perceived risk and pricing of government bonds like R3608AE.
• The bond’s price can shift daily based on supply and demand on the Bucharest Stock Exchange (BVB), as well as broader sentiment in the fixed-income market.
• Investors comparing Fidelis retail bonds may also look at Fidelis EUR 4% 2029 (R2909AE) and Fidelis EUR 6.25% 2032 (R3202AE) to understand how different coupons and maturities are priced.
• The full Bonds directory provides an overview of available bonds for those building a diversified fixed-income portfolio.