BELGIUM TF 3,3% GN54 EUR
BE0000358672
THE KINGDOM OF BELGIUMForeign governmentMOT
- Last price
- 75.20
- as of 14/10/2026
- Gross yield
- 4.97%
- Net yield
- 4.39%
- Maturity
- 22/06/2054
- 27y 8m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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- Settlement amount
- €9,898.39
- Net gain at maturity
- €13,208.97
- Net yield
- 4.39%
- Gross yield
- 4.96%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 75.20
- Nominal value
- 13,000
- Clean value
- €9,776.00
- Gross accrued interest
- €139.87
- Tax credit on accrued interest
- -€17.48
- Commissions
- €0.00
- Settlement amount
- €9,898.39
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.96% | 4.39% | 4.46% |
| Modified duration | 16.00 | 16.62 | 16.54 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €12,012.00
- Tax on coupons
- -€1,501.64
- Redemption of the nominal
- €13,000.00
- Capital gain
- €3,224.00
- Capital gain tax
- -€403.00
- Net gain at maturity
- €13,208.97
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,776.00 |
| 19/10/2026 | Gross accrued interest | -€139.87 |
| 19/10/2026 | Tax credit on accrued interest | €17.48 |
| 22/06/2027 | Gross coupon | €429.00 |
| 22/06/2027 | Tax on the coupon | -€53.63 |
| 22/06/2028 | Gross coupon | €429.00 |
| 22/06/2028 | Tax on the coupon | -€53.63 |
| 22/06/2029 | Gross coupon | €429.00 |
| 22/06/2029 | Tax on the coupon | -€53.63 |
| 22/06/2030 | Gross coupon | €429.00 |
| 22/06/2030 | Tax on the coupon | -€53.63 |
| 22/06/2031 | Gross coupon | €429.00 |
| 22/06/2031 | Tax on the coupon | -€53.63 |
| 22/06/2032 | Gross coupon | €429.00 |
| 22/06/2032 | Tax on the coupon | -€53.63 |
| 22/06/2033 | Gross coupon | €429.00 |
| 22/06/2033 | Tax on the coupon | -€53.63 |
| 22/06/2034 | Gross coupon | €429.00 |
| 22/06/2034 | Tax on the coupon | -€53.63 |
| 22/06/2035 | Gross coupon | €429.00 |
| 22/06/2035 | Tax on the coupon | -€53.63 |
| 22/06/2036 | Gross coupon | €429.00 |
| 22/06/2036 | Tax on the coupon | -€53.63 |
| 22/06/2037 | Gross coupon | €429.00 |
| 22/06/2037 | Tax on the coupon | -€53.63 |
| 22/06/2038 | Gross coupon | €429.00 |
| 22/06/2038 | Tax on the coupon | -€53.63 |
| 22/06/2039 | Gross coupon | €429.00 |
| 22/06/2039 | Tax on the coupon | -€53.63 |
| 22/06/2040 | Gross coupon | €429.00 |
| 22/06/2040 | Tax on the coupon | -€53.63 |
| 22/06/2041 | Gross coupon | €429.00 |
| 22/06/2041 | Tax on the coupon | -€53.63 |
| 22/06/2042 | Gross coupon | €429.00 |
| 22/06/2042 | Tax on the coupon | -€53.63 |
| 22/06/2043 | Gross coupon | €429.00 |
| 22/06/2043 | Tax on the coupon | -€53.63 |
| 22/06/2044 | Gross coupon | €429.00 |
| 22/06/2044 | Tax on the coupon | -€53.63 |
| 22/06/2045 | Gross coupon | €429.00 |
| 22/06/2045 | Tax on the coupon | -€53.63 |
| 22/06/2046 | Gross coupon | €429.00 |
| 22/06/2046 | Tax on the coupon | -€53.63 |
| 22/06/2047 | Gross coupon | €429.00 |
| 22/06/2047 | Tax on the coupon | -€53.63 |
| 22/06/2048 | Gross coupon | €429.00 |
| 22/06/2048 | Tax on the coupon | -€53.63 |
| 22/06/2049 | Gross coupon | €429.00 |
| 22/06/2049 | Tax on the coupon | -€53.63 |
| 22/06/2050 | Gross coupon | €429.00 |
| 22/06/2050 | Tax on the coupon | -€53.63 |
| 22/06/2051 | Gross coupon | €429.00 |
| 22/06/2051 | Tax on the coupon | -€53.63 |
| 22/06/2052 | Gross coupon | €429.00 |
| 22/06/2052 | Tax on the coupon | -€53.63 |
| 22/06/2053 | Gross coupon | €429.00 |
| 22/06/2053 | Tax on the coupon | -€53.63 |
| 22/06/2054 | Gross coupon | €429.00 |
| 22/06/2054 | Tax on the coupon | -€53.63 |
| 22/06/2054 | Redemption of the nominal | €13,000.00 |
| 22/06/2054 | Capital gain tax | -€403.00 |
| Net gain at maturity | €13,208.97 | |
It is the sum of all the movements: €25,029.48 received (coupons, redemption, tax credit on accrued interest) minus €11,820.51 paid (price, accrued interest, commissions and taxes) = €13,208.97. 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.