OBLIGACIONES TF 4,2% GE37 EUR
ES0000012932
SECRETARÍA GENERAL DEL TESORO Y FINANCIACIÓN INTERNACIONALForeign governmentHi-MTF · MOT
- Last price
- 101.09
- as of 16/10/2026
- Gross yield
- 4.07%
- Net yield
- 3.55%
- Maturity
- 31/01/2037
- 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,335.51
- Net gain at maturity
- €3,302.74
- Net yield
- 3.54%
- Gross yield
- 4.06%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 101.09
- Nominal value
- 9,000
- Clean value
- €9,098.10
- Gross accrued interest
- €271.33
- Tax credit on accrued interest
- -€33.92
- Commissions
- €0.00
- Settlement amount
- €9,335.51
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.06% | 3.54% | 3.54% |
| Modified duration | 8.01 | 8.10 | 8.10 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €4,158.00
- Tax on coupons
- -€519.75
- Redemption of the nominal
- €9,000.00
- Capital loss
- -€98.10
- Capital gain tax
- -€0.00
- Net gain at maturity
- €3,302.74
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 | -€9,098.10 |
| 20/10/2026 | Gross accrued interest | -€271.33 |
| 20/10/2026 | Tax credit on accrued interest | €33.92 |
| 31/01/2027 | Gross coupon | €378.00 |
| 31/01/2027 | Tax on the coupon | -€47.25 |
| 31/01/2028 | Gross coupon | €378.00 |
| 31/01/2028 | Tax on the coupon | -€47.25 |
| 31/01/2029 | Gross coupon | €378.00 |
| 31/01/2029 | Tax on the coupon | -€47.25 |
| 31/01/2030 | Gross coupon | €378.00 |
| 31/01/2030 | Tax on the coupon | -€47.25 |
| 31/01/2031 | Gross coupon | €378.00 |
| 31/01/2031 | Tax on the coupon | -€47.25 |
| 31/01/2032 | Gross coupon | €378.00 |
| 31/01/2032 | Tax on the coupon | -€47.25 |
| 31/01/2033 | Gross coupon | €378.00 |
| 31/01/2033 | Tax on the coupon | -€47.25 |
| 31/01/2034 | Gross coupon | €378.00 |
| 31/01/2034 | Tax on the coupon | -€47.25 |
| 31/01/2035 | Gross coupon | €378.00 |
| 31/01/2035 | Tax on the coupon | -€47.25 |
| 31/01/2036 | Gross coupon | €378.00 |
| 31/01/2036 | Tax on the coupon | -€47.25 |
| 31/01/2037 | Gross coupon | €378.00 |
| 31/01/2037 | Tax on the coupon | -€47.25 |
| 31/01/2037 | Redemption of the nominal | €9,000.00 |
| Net gain at maturity | €3,302.74 | |
It is the sum of all the movements: €13,191.92 received (coupons, redemption, tax credit on accrued interest) minus €9,889.18 paid (price, accrued interest, commissions and taxes) = €3,302.74. 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.