RENTENBANK FX 4.125% FEB31 USD
XS2760775549
Landwirtschaftliche RentenbankForeign governmentMOT
- Last price
- 98.08
- as of 13/10/2026
- Gross yield
- 4.62%
- Net yield
- 4.05%
- Maturity
- 06/02/2031
- 4y 4m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
Simulate a purchase
Change the values: every figure updates at once. The page link keeps the simulation.
Amounts are in USD, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- US$9,054.15
- Net gain at maturity
- US$1,548.45
- Net yield
- 4.05%
- Gross yield
- 4.62%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 98.08
- Nominal value
- 9,000
- Clean value
- US$8,827.20
- Gross accrued interest
- US$259.37
- Tax credit on accrued interest
- -US$32.42
- Commissions
- US$0.00
- Settlement amount
- US$9,054.15
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.62% | 4.05% | 4.10% |
| Modified duration | 3.75 | 3.77 | 3.77 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- US$1,856.25
- Tax on coupons
- -US$232.05
- Redemption of the nominal
- US$9,000.00
- Capital gain
- US$172.80
- Capital gain tax
- -US$21.60
- Net gain at maturity
- US$1,548.45
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -US$8,827.20 |
| 19/10/2026 | Gross accrued interest | -US$259.37 |
| 19/10/2026 | Tax credit on accrued interest | US$32.42 |
| 06/02/2027 | Gross coupon | US$371.25 |
| 06/02/2027 | Tax on the coupon | -US$46.41 |
| 06/02/2028 | Gross coupon | US$371.25 |
| 06/02/2028 | Tax on the coupon | -US$46.41 |
| 06/02/2029 | Gross coupon | US$371.25 |
| 06/02/2029 | Tax on the coupon | -US$46.41 |
| 06/02/2030 | Gross coupon | US$371.25 |
| 06/02/2030 | Tax on the coupon | -US$46.41 |
| 06/02/2031 | Gross coupon | US$371.25 |
| 06/02/2031 | Tax on the coupon | -US$46.41 |
| 06/02/2031 | Redemption of the nominal | US$9,000.00 |
| 06/02/2031 | Capital gain tax | -US$21.60 |
| Net gain at maturity | US$1,548.45 | |
It is the sum of all the movements: US$10,888.67 received (coupons, redemption, tax credit on accrued interest) minus US$9,340.22 paid (price, accrued interest, commissions and taxes) = US$1,548.45. 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.