BUND GEN37 EUR 4
DE0001135275
Bundesrepublik DeutschlandForeign governmentHi-MTF · MOT
- Last price
- 104.51
- as of 14/10/2026
- Gross yield
- 3.47%
- Net yield
- 2.98%
- Maturity
- 04/01/2037
- 10y 3m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,655.31
- Net gain at maturity
- €2,809.69
- Net yield
- 2.98%
- Gross yield
- 3.46%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 104.51
- Nominal value
- 9,000
- Clean value
- €9,405.90
- Gross accrued interest
- €285.04
- Tax credit on accrued interest
- -€35.63
- Commissions
- €0.00
- Settlement amount
- €9,655.31
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.46% | 2.98% | 2.98% |
| Modified duration | 8.10 | 8.18 | 8.18 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €3,960.00
- Tax on coupons
- -€495.00
- Redemption of the nominal
- €9,000.00
- Capital loss
- -€405.90
- Capital gain tax
- -€0.00
- Net gain at maturity
- €2,809.69
No tax: in Italy the capital loss can offset capital gains of the next four years.
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,405.90 |
| 20/10/2026 | Gross accrued interest | -€285.04 |
| 20/10/2026 | Tax credit on accrued interest | €35.63 |
| 04/01/2027 | Gross coupon | €360.00 |
| 04/01/2027 | Tax on the coupon | -€45.00 |
| 04/01/2028 | Gross coupon | €360.00 |
| 04/01/2028 | Tax on the coupon | -€45.00 |
| 04/01/2029 | Gross coupon | €360.00 |
| 04/01/2029 | Tax on the coupon | -€45.00 |
| 04/01/2030 | Gross coupon | €360.00 |
| 04/01/2030 | Tax on the coupon | -€45.00 |
| 04/01/2031 | Gross coupon | €360.00 |
| 04/01/2031 | Tax on the coupon | -€45.00 |
| 04/01/2032 | Gross coupon | €360.00 |
| 04/01/2032 | Tax on the coupon | -€45.00 |
| 04/01/2033 | Gross coupon | €360.00 |
| 04/01/2033 | Tax on the coupon | -€45.00 |
| 04/01/2034 | Gross coupon | €360.00 |
| 04/01/2034 | Tax on the coupon | -€45.00 |
| 04/01/2035 | Gross coupon | €360.00 |
| 04/01/2035 | Tax on the coupon | -€45.00 |
| 04/01/2036 | Gross coupon | €360.00 |
| 04/01/2036 | Tax on the coupon | -€45.00 |
| 04/01/2037 | Gross coupon | €360.00 |
| 04/01/2037 | Tax on the coupon | -€45.00 |
| 04/01/2037 | Redemption of the nominal | €9,000.00 |
| Net gain at maturity | €2,809.69 | |
It is the sum of all the movements: €12,995.63 received (coupons, redemption, tax credit on accrued interest) minus €10,185.94 paid (price, accrued interest, commissions and taxes) = €2,809.69. 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.