ROMANIA FX 6.625% MAY36 USD
XS3114897633
MINISTERUL FINANȚELORForeign governmentHi-MTF · MOT
- Last price
- 96.16
- as of 14/10/2026
- Gross yield
- 7.31%
- Net yield
- 6.40%
- Maturity
- 16/05/2036
- 9y 7m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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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$9,861.74
- Net gain at maturity
- US$5,887.06
- Net yield
- 6.39%
- Gross yield
- 7.31%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 96.16
- Nominal value
- 10,000
- Clean value
- US$9,616.00
- Gross accrued interest
- US$280.84
- Tax credit on accrued interest
- -US$35.10
- Commissions
- US$0.00
- Settlement amount
- US$9,861.74
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 7.31% | 6.39% | 6.43% |
| Modified duration | 6.51 | 6.66 | 6.65 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- US$6,625.00
- Tax on coupons
- -US$828.20
- Redemption of the nominal
- US$10,000.00
- Capital gain
- US$384.00
- Capital gain tax
- -US$48.00
- Net gain at maturity
- US$5,887.06
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -US$9,616.00 |
| 19/10/2026 | Gross accrued interest | -US$280.84 |
| 19/10/2026 | Tax credit on accrued interest | US$35.10 |
| 16/11/2026 | Gross coupon | US$331.25 |
| 16/11/2026 | Tax on the coupon | -US$41.41 |
| 16/05/2027 | Gross coupon | US$331.25 |
| 16/05/2027 | Tax on the coupon | -US$41.41 |
| 16/11/2027 | Gross coupon | US$331.25 |
| 16/11/2027 | Tax on the coupon | -US$41.41 |
| 16/05/2028 | Gross coupon | US$331.25 |
| 16/05/2028 | Tax on the coupon | -US$41.41 |
| 16/11/2028 | Gross coupon | US$331.25 |
| 16/11/2028 | Tax on the coupon | -US$41.41 |
| 16/05/2029 | Gross coupon | US$331.25 |
| 16/05/2029 | Tax on the coupon | -US$41.41 |
| 16/11/2029 | Gross coupon | US$331.25 |
| 16/11/2029 | Tax on the coupon | -US$41.41 |
| 16/05/2030 | Gross coupon | US$331.25 |
| 16/05/2030 | Tax on the coupon | -US$41.41 |
| 16/11/2030 | Gross coupon | US$331.25 |
| 16/11/2030 | Tax on the coupon | -US$41.41 |
| 16/05/2031 | Gross coupon | US$331.25 |
| 16/05/2031 | Tax on the coupon | -US$41.41 |
| 16/11/2031 | Gross coupon | US$331.25 |
| 16/11/2031 | Tax on the coupon | -US$41.41 |
| 16/05/2032 | Gross coupon | US$331.25 |
| 16/05/2032 | Tax on the coupon | -US$41.41 |
| 16/11/2032 | Gross coupon | US$331.25 |
| 16/11/2032 | Tax on the coupon | -US$41.41 |
| 16/05/2033 | Gross coupon | US$331.25 |
| 16/05/2033 | Tax on the coupon | -US$41.41 |
| 16/11/2033 | Gross coupon | US$331.25 |
| 16/11/2033 | Tax on the coupon | -US$41.41 |
| 16/05/2034 | Gross coupon | US$331.25 |
| 16/05/2034 | Tax on the coupon | -US$41.41 |
| 16/11/2034 | Gross coupon | US$331.25 |
| 16/11/2034 | Tax on the coupon | -US$41.41 |
| 16/05/2035 | Gross coupon | US$331.25 |
| 16/05/2035 | Tax on the coupon | -US$41.41 |
| 16/11/2035 | Gross coupon | US$331.25 |
| 16/11/2035 | Tax on the coupon | -US$41.41 |
| 16/05/2036 | Gross coupon | US$331.25 |
| 16/05/2036 | Tax on the coupon | -US$41.41 |
| 16/05/2036 | Redemption of the nominal | US$10,000.00 |
| 16/05/2036 | Capital gain tax | -US$48.00 |
| Net gain at maturity | US$5,887.06 | |
It is the sum of all the movements: US$16,660.10 received (coupons, redemption, tax credit on accrued interest) minus US$10,773.04 paid (price, accrued interest, commissions and taxes) = US$5,887.06. 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.