Primaria Orasului Siret 7.27% 2028 (SRE28) Bond — Price, Coupon & Yield

What SRE28 is

Primaria Orasului Siret 7.27% 2028 (SRE28) is a municipal bond issued by the local administration of Siret and listed on the Bucharest Stock Exchange (BVB). It pays a fixed coupon of 7.27% per year and is set to mature on Mar 1, 2028, with roughly 1.4 years remaining until that date. The bond is denominated in RON, the Romanian leu. In the InvestPane bonds directory, it sits alongside other Romanian municipal issues such as Municipiul Slobozia 6.66% 2029 (SLB29) and Municipiul Bacau 6.613% 2026 (BAC26A).

Key numbers explained

• Price: 102.98% — the bond trades slightly above its face value, meaning you pay 102.98 RON for every 100 RON of nominal amount.
• Coupon: 7.27% — the annual interest rate paid by the issuer, expressed as a percentage of the bond's face value.
• Estimated yield to maturity: 5.12% — this yield to maturity reflects the total return you would earn if you bought the bond today at 102.98% and held it until Mar 1, 2028, assuming all coupons are reinvested at the same rate.
• Price change today: +7.91% — the bond's market price moved up by 7.91% during the current trading session.
• Years to maturity: 1.4 — there are approximately 1.4 years left until the issuer repays the principal at maturity.
• Maturity: Mar 1, 2028 — the date on which the issuer returns the face value and the last coupon is paid.

What to watch

Bond prices generally move inversely to interest rates, so shifts in the BVB's rate environment can affect SRE28's market price. Credit risk is another factor to consider, as it reflects the issuer's ability to meet coupon and principal payments. Liquidity can vary for municipal bonds on the BVB, which may affect the ease of buying or selling at the quoted price. For investors comparing Romanian municipal options, peers like Municipiul Bucuresti 5.6% 2028 (PMB28) and Municipiul TG. Mures 6.44% 2027 (TGM27A) offer different coupon and maturity profiles.