Fidelis EUR 6.3% 2036 (R3609AE) Bond — Price, Coupon & Yield

What R3609AE is

Fidelis EUR 6.3% 2036 (R3609AE) is a Romanian government bond issued by the Ministerul Finantelor and listed on the Bucharest Stock Exchange (BVB). It belongs to the Fidelis retail series and is denominated in EUR, making it one of the foreign-currency options available alongside peers such as Fidelis EUR 4.1% 2027 (R2709BE) and Fidelis EUR 3.9% 2027 (R2706AE). As a bond, it represents a loan from the investor to the issuer, with the issuer committing to pay a fixed coupon and return the principal at maturity.

Key numbers explained

• Price: 99.99% — the bond trades just below par (100%), meaning you pay slightly less than the nominal amount for each 100 face value.
• 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: 6.3% — the yield to maturity is the total annualised return you would earn if you bought the bond today, held it to maturity, and reinvested coupons at the same rate; here it matches the coupon because the price is near par.
• Maturity: Sep 16, 2036 — the date when the issuer repays the final principal instalment.
• Years to maturity: 10 — the remaining time until the bond reaches its maturity date.
• Price change today: 0% — the bond’s price has not moved today, indicating stable trading.

What to watch

Bond prices generally move inversely to interest rates, so changes in the rate environment can affect the market value of R3609AE. Credit risk, while typically low for a government issue, can shift with fiscal conditions and sovereign ratings. Currency exposure is relevant because the bond is denominated in EUR while the issuer operates in Romania; FX fluctuations can affect returns for investors holding other currencies. Liquidity may vary depending on trading volume on the BVB. For investors comparing Romanian government bonds, the Bonds directory lists the full range of available issues.