Consiliul Judetean Timis 6.31% 2028 (TIM28) Bond — Price, Coupon & Yield

What TIM28 is

Consiliul Judetean Timis 6.31% 2028 (TIM28) is a municipal bond issued by the Consiliul Judetean Timis and listed on the Bucharest Stock Exchange (BVB). It belongs to the Municipal sector and pays a fixed coupon of 6.31% until its maturity on Apr 7, 2028. The bond is denominated in RON, the Romanian leu. Municipal bonds like TIM28 are typically used by local governments to finance public projects, and they are often compared with other local-government issues such as Municipiul Slobozia 6.66% 2029 (SLB29) or Municipiul TG. Mures 6.44% 2027 (TGM27).

Key numbers explained

• Price: 0% — This is the bond's current price relative to its face value, shown as a percentage. A 0% price means the bond is trading at par, i.e., at the same level as its nominal value.
• Coupon: 6.31% — The annual interest rate paid by the issuer, expressed as a percentage of the bond's face value. For every 100 RON nominal, the holder receives 6.31 RON per year in interest.
• Maturity: Apr 7, 2028 — The date when the issuer repays the final coupon and the principal (face value) to the bondholder.
• Price change today: 0% — The intraday price movement compared with the previous close. A 0% change means the price has not moved today.
• Coupon (6.31%) vs. price (0%) — When the price is at par, the yield to maturity roughly equals the coupon rate. If the price were below par, the yield would typically be higher than the coupon, and vice versa.
• Sector: Municipal — This indicates the issuer is a local government body. Municipal bonds are often compared with peers such as Municipiul Bucuresti 8.9% 2030 (PMB30) or Primaria Municipiului Alba Iulia 6.49% 2027 (ALB27).

What to watch

• Interest rate movements — Bond prices and market yields generally move in opposite directions. Rising rates tend to push prices down, while falling rates tend to lift them.
• Issuer credit quality — The financial health of the Consiliul Judetean Timis can affect the bond's perceived risk and, consequently, its price and yield.
• Remaining time to maturity — As the Apr 7, 2028 maturity date approaches, the bond's price tends to converge toward its face value, all else equal.
• Local-government fiscal developments — Changes in regional budgets or public investment plans can influence sentiment around municipal bonds like TIM28.
• Liquidity and trading volume — Lower liquidity can lead to wider bid–ask spreads and more volatile price moves.