OBLIGACIONES TF 2,9% OT46 EUR

ES00000128C6SpainSECRETARÍA GENERAL DEL TESORO Y FINANCIACIÓN INTERNACIONALForeign governmentHi-MTF · MOT

Last price
79.64
as of 13/10/2026
Gross yield
4.46%
Net yield
3.94%
Maturity
31/10/2046
20y
Simulation for information and education only, computed automatically from the values entered. It is not financial advice, nor a recommendation or solicitation to buy or sell. Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.

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EUR

Last price: 79.64 on 13/10/2026

Commissions
%
€
€

Percent of the order value, with a minimum and a maximum in euro (empty maximum = no limit). For a flat fee enter only the minimum.

Settlement amount
€9,851.29
Net gain at maturity
€8,237.81
Net yield
3.94%
Gross yield
4.45%

Order details

Settlement date
19/10/2026
Purchase price (clean)
79.64
Nominal value
12,000
Clean value
€9,556.80
Gross accrued interest
€336.56
Tax credit on accrued interest
-€42.07
Commissions
€0.00
Settlement amount
€9,851.29

Yields and duration

GrossNetNet without capital gain tax
Annual yield4.45%3.94%4.04%
Modified duration13.7214.0213.97

The last column applies when the capital gain is offset by earlier capital losses.

Outcome at maturity

Gross coupons
€7,308.00
Tax on coupons
-€913.50
Redemption of the nominal
€12,000.00
Capital gain
€2,443.20
Capital gain tax
-€305.40
Net gain at maturity
€8,237.81

Cash flows

DateDescriptionAmount
19/10/2026Payment of the price-€9,556.80
19/10/2026Gross accrued interest-€336.56
19/10/2026Tax credit on accrued interest€42.07
31/10/2026Gross coupon€348.00
31/10/2026Tax on the coupon-€43.50
31/10/2027Gross coupon€348.00
31/10/2027Tax on the coupon-€43.50
31/10/2028Gross coupon€348.00
31/10/2028Tax on the coupon-€43.50
31/10/2029Gross coupon€348.00
31/10/2029Tax on the coupon-€43.50
31/10/2030Gross coupon€348.00
31/10/2030Tax on the coupon-€43.50
31/10/2031Gross coupon€348.00
31/10/2031Tax on the coupon-€43.50
31/10/2032Gross coupon€348.00
31/10/2032Tax on the coupon-€43.50
31/10/2033Gross coupon€348.00
31/10/2033Tax on the coupon-€43.50
31/10/2034Gross coupon€348.00
31/10/2034Tax on the coupon-€43.50
31/10/2035Gross coupon€348.00
31/10/2035Tax on the coupon-€43.50
31/10/2036Gross coupon€348.00
31/10/2036Tax on the coupon-€43.50
31/10/2037Gross coupon€348.00
31/10/2037Tax on the coupon-€43.50
31/10/2038Gross coupon€348.00
31/10/2038Tax on the coupon-€43.50
31/10/2039Gross coupon€348.00
31/10/2039Tax on the coupon-€43.50
31/10/2040Gross coupon€348.00
31/10/2040Tax on the coupon-€43.50
31/10/2041Gross coupon€348.00
31/10/2041Tax on the coupon-€43.50
31/10/2042Gross coupon€348.00
31/10/2042Tax on the coupon-€43.50
31/10/2043Gross coupon€348.00
31/10/2043Tax on the coupon-€43.50
31/10/2044Gross coupon€348.00
31/10/2044Tax on the coupon-€43.50
31/10/2045Gross coupon€348.00
31/10/2045Tax on the coupon-€43.50
31/10/2046Gross coupon€348.00
31/10/2046Tax on the coupon-€43.50
31/10/2046Redemption of the nominal€12,000.00
31/10/2046Capital gain tax-€305.40
Net gain at maturity€8,237.81

It is the sum of all the movements: €19,350.07 received (coupons, redemption, tax credit on accrued interest) minus €11,112.26 paid (price, accrued interest, commissions and taxes) = €8,237.81. It is what you earn in euro, after tax, if you hold the bond to maturity; if negative, you lose money.

How it is calculated

  • Accrued interest uses the ACT/ACT ICMA convention: the buyer pays the gross accrued interest and receives the credit for the tax withheld on that part of the coupon.
  • Taxes of the Italian administered regime, 12.5% on coupons and capital gain (12.5% for government and supranational bonds, 26% for the others). Commissions are part of the purchase cost. Stamp duty and issue discount are not considered.
  • Yields are annual compound rates (IRR) of the cash flows, actual days/365, with the bond held to maturity and coupons not reinvested.