Municipiul Resita 6.047% 2033 (RES33E) Bond — Price, Coupon & Yield

What RES33E is

Municipiul Resita 6.047% 2033 (RES33E) is a municipal bond issued by the municipality of Resita and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon and is denominated in EUR, making it a local-currency option for investors seeking regular income from the municipal sector. Within the InvestPane universe, RES33E sits alongside other Romanian municipal issues such as Municipiul Bucuresti 8.9% 2030 (PMB30), Municipiul TG. Mures 6.44% 2027 (TGM27), Consiliul Judetean Alba 6.64% 2026 (ALB26), Municipiul Bacau 6.613% 2026 (BAC26A), Municipiul Iasi 6.405% 2028 (IAS28), and Municipiul Bistrita 6.49% 2029 (BIS29), which can serve as comparable references.

Key numbers explained

• Price: 95.97% — the bond trades at a discount to its face value, meaning you pay less than the nominal amount per unit.
• Coupon: 6.05% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
• Estimated yield to maturity: 6.74% — the yield to maturity reflects the total return you would earn if you bought the bond today at 95.97%, held it to maturity, and reinvested coupons at the same rate; it is higher than the coupon because of the discount.
• Maturity: Nov 27, 2033 — the date when the issuer repays the nominal value and the bond ceases to exist.
• Years to maturity: 7.2 — the approximate time remaining until maturity, used to gauge interest-rate sensitivity.
• Price change today: +1.02% — the intraday move in the bond's quoted price.

What to watch

• Interest rates: when benchmark rates rise, existing bond prices tend to fall, and vice versa; the 7.2 years to maturity means RES33E has moderate sensitivity to rate moves.
• Issuer credit quality: changes in the municipality's fiscal position or local economic conditions can affect perceived risk and price.
• Currency exposure: because the bond is denominated in EUR, exchange-rate fluctuations may affect returns for investors holding a different base currency.
• Secondary-market liquidity: trading volume on the BVB can vary, which may affect the ease and cost of entering or exiting a position.