Municipiul Slobozia 6.66% 2029 (SLB29) Bond — Price, Coupon & Yield

What SLB29 is

Municipiul Slobozia 6.66% 2029 (SLB29) is a municipal bond issued by Municipiul Slobozia and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 6.66% in RON and matures on Aug 23, 2029. As a local-government debt instrument, it is part of the Romanian municipal bond universe, which also includes names like Municipiul Focsani 6.59% 2026 (FOC26), Municipiul TG. Mures 6.44% 2027 (TGM27), Municipiul Bistrita 6.49% 2029 (BIS29), and Municipiul Iasi 6.425% 2028 (IAS28A). Investors typically use SLB29 to gain exposure to Romanian municipal credit with a known cash-flow profile until 23 aug. 2029.

Key numbers explained

• Coupon: 6.66% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Maturity: Aug 23, 2029 — the date when the issuer repays the principal and the bond ceases to exist.
• Bond currency: RON — all coupon and principal payments are made in Romanian lei.
• Market: Bucharest Stock Exchange (BVB) — the exchange where SLB29 is traded and priced.
• Sector: Municipal — the issuer is a local government, which typically implies a different risk profile than corporate or sovereign bonds.
• ISIN: ROSLOBDBL029 — the unique international identifier used to reference this specific bond.
• Type: bond — a debt instrument where the issuer borrows from investors and commits to scheduled interest and principal payments.
• Issuer: Municipiul Slobozia — the municipal authority that issues the bond and is responsible for payments.

What to watch

• Interest rate movements — changes in the general level of rates can affect the market price of SLB29 and similar fixed-coupon bonds.
• Issuer credit quality — the municipality's fiscal position and debt management can influence perceived credit risk.
• Currency exposure — because payments are in RON, investors should consider the impact of RON fluctuations relative to their home currency.
• Liquidity — trading volume on the Bucharest Stock Exchange (BVB) can vary, affecting how easily positions can be entered or exited.
• Peer comparison — investors often compare SLB29 against other Romanian municipal bonds such as Municipiul Bacau 6.613% 2026 (BAC26B) or Judetul Cluj 5.857% 2033 (CJC33E) to contextualise its coupon and maturity.
• Reinvestment risk — as coupons are paid, the return depends on the rates available when reinvesting that income.