OBLIGACIONES TF 1,85% LG35 EUR
ES0000012E69
SECRETARÍA GENERAL DEL TESORO Y FINANCIACIÓN INTERNACIONALForeign governmentMOT
- Last price
- 84.75
- as of 13/10/2026
- Gross yield
- 3.94%
- Net yield
- 3.47%
- Maturity
- 30/07/2035
- 8y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,362.01
- Net gain at maturity
- €3,030.84
- Net yield
- 3.47%
- Gross yield
- 3.94%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 84.75
- Nominal value
- 11,000
- Clean value
- €9,322.50
- Gross accrued interest
- €45.16
- Tax credit on accrued interest
- -€5.65
- Commissions
- €0.00
- Settlement amount
- €9,362.01
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.94% | 3.47% | 3.68% |
| Modified duration | 7.78 | 7.83 | 7.81 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €1,831.50
- Tax on coupons
- -€228.96
- Redemption of the nominal
- €11,000.00
- Capital gain
- €1,677.50
- Capital gain tax
- -€209.69
- Net gain at maturity
- €3,030.84
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,322.50 |
| 19/10/2026 | Gross accrued interest | -€45.16 |
| 19/10/2026 | Tax credit on accrued interest | €5.65 |
| 30/07/2027 | Gross coupon | €203.50 |
| 30/07/2027 | Tax on the coupon | -€25.44 |
| 30/07/2028 | Gross coupon | €203.50 |
| 30/07/2028 | Tax on the coupon | -€25.44 |
| 30/07/2029 | Gross coupon | €203.50 |
| 30/07/2029 | Tax on the coupon | -€25.44 |
| 30/07/2030 | Gross coupon | €203.50 |
| 30/07/2030 | Tax on the coupon | -€25.44 |
| 30/07/2031 | Gross coupon | €203.50 |
| 30/07/2031 | Tax on the coupon | -€25.44 |
| 30/07/2032 | Gross coupon | €203.50 |
| 30/07/2032 | Tax on the coupon | -€25.44 |
| 30/07/2033 | Gross coupon | €203.50 |
| 30/07/2033 | Tax on the coupon | -€25.44 |
| 30/07/2034 | Gross coupon | €203.50 |
| 30/07/2034 | Tax on the coupon | -€25.44 |
| 30/07/2035 | Gross coupon | €203.50 |
| 30/07/2035 | Tax on the coupon | -€25.44 |
| 30/07/2035 | Redemption of the nominal | €11,000.00 |
| 30/07/2035 | Capital gain tax | -€209.69 |
| Net gain at maturity | €3,030.84 | |
It is the sum of all the movements: €12,837.15 received (coupons, redemption, tax credit on accrued interest) minus €9,806.31 paid (price, accrued interest, commissions and taxes) = €3,030.84. 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.