Municipiul TG. Mures 6.44% 2027 (TGM27A) Bond — Price, Coupon & Yield
Price
99.25%
-0.75%
Key statistics
| Type | Municipal bond |
|---|---|
| Issuer | Municipiul TG. Mures |
| Price (% of face value) | 99.25% |
| Coupon | 6.44% |
| Maturity | Aug 15, 2027 |
| Years to maturity | 0.9 |
| Est. yield to maturity | 7.31% |
| Currency | RON |
| ISIN | ROTGMUDBL047 |
| Exchange | BVB |
Yield to maturity is an approximation assuming the bond is held to maturity and repaid at 100% of face value.
Overview
What TGM27A is
Municipiul TG. Mures 6.44% 2027 (TGM27A) is a municipal bond issued by the local administration of Targu Mures and listed on the Bucharest Stock Exchange (BVB). It belongs to the Municipal sector and pays a fixed coupon in RON until its maturity on Aug 15, 2027. In the context of Romanian municipal debt, it sits alongside peers such as Municipiul Resita 6.047% 2033 (RES33E), Municipiul Bacau 6.625% 2026 (BAC26), and Municipiul Bucuresti 5.6% 2028 (PMB28), offering investors a way to gain exposure to local-government financing.
Key numbers explained
- Price: 99.25% — the bond trades just below par, meaning you pay slightly less than the nominal value for each 100 RON face amount.
- Coupon: 6.44% — the annual interest rate paid by the issuer, expressed as a percentage of the nominal value.
- Estimated yield to maturity: 7.31% — the yield to maturity is the total annualised return you would earn if you bought the bond at the current price and held it to maturity, assuming all coupons are reinvested at the same rate.
- Maturity: Aug 15, 2027 — the date when the issuer repays the nominal value and the bond ceases to exist.
- Years to maturity: 0.9 — the remaining time to maturity, expressed in years, which helps gauge interest-rate sensitivity.
- Price change today: -0.75% — the intraday move in price, showing the bond is trading lower today.
- Bond currency: RON — all cash flows (coupons and principal) are denominated in Romanian lei.
What to watch
- Interest rates: bond prices and yields move inversely; rising rates typically push prices down and vice versa.
- Issuer credit quality: changes in the municipality's fiscal position or local economic conditions can affect perceived risk.
- Liquidity: trading volume on the BVB can vary, which may affect the ease and cost of buying or selling.
- Reinvestment risk: the practical return depends on the rates at which coupon payments can be reinvested.
- Peer comparison: investors often compare TGM27A with similar instruments such as Municipiul Bacau 6.613% 2026 (BAC26B), Consiliul Judetean Timis 6.31% 2028 (TIM28), and Primaria Orasului Oravita 7.08% 2027 (ORV27) to understand relative value.
- Full list: the Bonds directory provides an overview of available municipal bonds.
Latest news & filings
No recent headlines.
Frequently asked questions
Does TGM27A pay a dividend?
No. TGM27A is a bond, not a share, so it pays a fixed coupon rather than a dividend.
What is the TGM27A P/E ratio?
The P/E ratio is a metric for equities and does not apply to bonds like TGM27A.
Where can I buy TGM27A?
TGM27A is listed and traded on the Bucharest Stock Exchange (BVB).
What is the current price of TGM27A?
The last recorded price is 99.25% of nominal value.
When does TGM27A mature?
The bond matures on Aug 15, 2027.
What currency are TGM27A's payments in?
All payments are made in RON.
Related
More on TGM27A
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