OBLIGACIONES TF 3,45% LG66 EUR
ES00000128E2
SECRETARÍA GENERAL DEL TESORO Y FINANCIACIÓN INTERNACIONALForeign governmentHi-MTF · MOT
- Last price
- 80.36
- as of 16/10/2026
- Gross yield
- 4.52%
- Net yield
- 3.98%
- Maturity
- 30/07/2066
- 39y 9m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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.
- Settlement amount
- €9,724.58
- Net gain at maturity
- €16,470.82
- Net yield
- 3.98%
- Gross yield
- 4.52%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 80.36
- Nominal value
- 12,000
- Clean value
- €9,643.20
- Gross accrued interest
- €93.01
- Tax credit on accrued interest
- -€11.63
- Commissions
- €0.00
- Settlement amount
- €9,724.58
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.52% | 3.98% | 4.01% |
| Modified duration | 19.15 | 20.22 | 20.16 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €16,560.00
- Tax on coupons
- -€2,070.00
- Redemption of the nominal
- €12,000.00
- Capital gain
- €2,356.80
- Capital gain tax
- -€294.60
- Net gain at maturity
- €16,470.82
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,643.20 |
| 20/10/2026 | Gross accrued interest | -€93.01 |
| 20/10/2026 | Tax credit on accrued interest | €11.63 |
| 30/07/2027 | Gross coupon | €414.00 |
| 30/07/2027 | Tax on the coupon | -€51.75 |
| 30/07/2028 | Gross coupon | €414.00 |
| 30/07/2028 | Tax on the coupon | -€51.75 |
| 30/07/2029 | Gross coupon | €414.00 |
| 30/07/2029 | Tax on the coupon | -€51.75 |
| 30/07/2030 | Gross coupon | €414.00 |
| 30/07/2030 | Tax on the coupon | -€51.75 |
| 30/07/2031 | Gross coupon | €414.00 |
| 30/07/2031 | Tax on the coupon | -€51.75 |
| 30/07/2032 | Gross coupon | €414.00 |
| 30/07/2032 | Tax on the coupon | -€51.75 |
| 30/07/2033 | Gross coupon | €414.00 |
| 30/07/2033 | Tax on the coupon | -€51.75 |
| 30/07/2034 | Gross coupon | €414.00 |
| 30/07/2034 | Tax on the coupon | -€51.75 |
| 30/07/2035 | Gross coupon | €414.00 |
| 30/07/2035 | Tax on the coupon | -€51.75 |
| 30/07/2036 | Gross coupon | €414.00 |
| 30/07/2036 | Tax on the coupon | -€51.75 |
| 30/07/2037 | Gross coupon | €414.00 |
| 30/07/2037 | Tax on the coupon | -€51.75 |
| 30/07/2038 | Gross coupon | €414.00 |
| 30/07/2038 | Tax on the coupon | -€51.75 |
| 30/07/2039 | Gross coupon | €414.00 |
| 30/07/2039 | Tax on the coupon | -€51.75 |
| 30/07/2040 | Gross coupon | €414.00 |
| 30/07/2040 | Tax on the coupon | -€51.75 |
| 30/07/2041 | Gross coupon | €414.00 |
| 30/07/2041 | Tax on the coupon | -€51.75 |
| 30/07/2042 | Gross coupon | €414.00 |
| 30/07/2042 | Tax on the coupon | -€51.75 |
| 30/07/2043 | Gross coupon | €414.00 |
| 30/07/2043 | Tax on the coupon | -€51.75 |
| 30/07/2044 | Gross coupon | €414.00 |
| 30/07/2044 | Tax on the coupon | -€51.75 |
| 30/07/2045 | Gross coupon | €414.00 |
| 30/07/2045 | Tax on the coupon | -€51.75 |
| 30/07/2046 | Gross coupon | €414.00 |
| 30/07/2046 | Tax on the coupon | -€51.75 |
| 30/07/2047 | Gross coupon | €414.00 |
| 30/07/2047 | Tax on the coupon | -€51.75 |
| 30/07/2048 | Gross coupon | €414.00 |
| 30/07/2048 | Tax on the coupon | -€51.75 |
| 30/07/2049 | Gross coupon | €414.00 |
| 30/07/2049 | Tax on the coupon | -€51.75 |
| 30/07/2050 | Gross coupon | €414.00 |
| 30/07/2050 | Tax on the coupon | -€51.75 |
| 30/07/2051 | Gross coupon | €414.00 |
| 30/07/2051 | Tax on the coupon | -€51.75 |
| 30/07/2052 | Gross coupon | €414.00 |
| 30/07/2052 | Tax on the coupon | -€51.75 |
| 30/07/2053 | Gross coupon | €414.00 |
| 30/07/2053 | Tax on the coupon | -€51.75 |
| 30/07/2054 | Gross coupon | €414.00 |
| 30/07/2054 | Tax on the coupon | -€51.75 |
| 30/07/2055 | Gross coupon | €414.00 |
| 30/07/2055 | Tax on the coupon | -€51.75 |
| 30/07/2056 | Gross coupon | €414.00 |
| 30/07/2056 | Tax on the coupon | -€51.75 |
| 30/07/2057 | Gross coupon | €414.00 |
| 30/07/2057 | Tax on the coupon | -€51.75 |
| 30/07/2058 | Gross coupon | €414.00 |
| 30/07/2058 | Tax on the coupon | -€51.75 |
| 30/07/2059 | Gross coupon | €414.00 |
| 30/07/2059 | Tax on the coupon | -€51.75 |
| 30/07/2060 | Gross coupon | €414.00 |
| 30/07/2060 | Tax on the coupon | -€51.75 |
| 30/07/2061 | Gross coupon | €414.00 |
| 30/07/2061 | Tax on the coupon | -€51.75 |
| 30/07/2062 | Gross coupon | €414.00 |
| 30/07/2062 | Tax on the coupon | -€51.75 |
| 30/07/2063 | Gross coupon | €414.00 |
| 30/07/2063 | Tax on the coupon | -€51.75 |
| 30/07/2064 | Gross coupon | €414.00 |
| 30/07/2064 | Tax on the coupon | -€51.75 |
| 30/07/2065 | Gross coupon | €414.00 |
| 30/07/2065 | Tax on the coupon | -€51.75 |
| 30/07/2066 | Gross coupon | €414.00 |
| 30/07/2066 | Tax on the coupon | -€51.75 |
| 30/07/2066 | Redemption of the nominal | €12,000.00 |
| 30/07/2066 | Capital gain tax | -€294.60 |
| Net gain at maturity | €16,470.82 | |
It is the sum of all the movements: €28,571.63 received (coupons, redemption, tax credit on accrued interest) minus €12,100.81 paid (price, accrued interest, commissions and taxes) = €16,470.82. 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.