OBLIGACIONES TF 1,2% OT40 EUR
ES0000012G42
SECRETARÍA GENERAL DEL TESORO Y FINANCIACIÓN INTERNACIONALForeign governmentHi-MTF · MOT
- Last price
- 67.79
- as of 13/10/2026
- Gross yield
- 4.30%
- Net yield
- 3.84%
- Maturity
- 31/10/2040
- 14y
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,632.77
- Net gain at maturity
- €6,008.56
- Net yield
- 3.84%
- Gross yield
- 4.30%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 67.79
- Nominal value
- 14,000
- Clean value
- €9,490.60
- Gross accrued interest
- €162.48
- Tax credit on accrued interest
- -€20.31
- Commissions
- €0.00
- Settlement amount
- €9,632.77
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.30% | 3.84% | 4.11% |
| Modified duration | 11.99 | 12.10 | 12.04 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €2,520.00
- Tax on coupons
- -€315.00
- Redemption of the nominal
- €14,000.00
- Capital gain
- €4,509.40
- Capital gain tax
- -€563.67
- Net gain at maturity
- €6,008.56
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,490.60 |
| 19/10/2026 | Gross accrued interest | -€162.48 |
| 19/10/2026 | Tax credit on accrued interest | €20.31 |
| 31/10/2026 | Gross coupon | €168.00 |
| 31/10/2026 | Tax on the coupon | -€21.00 |
| 31/10/2027 | Gross coupon | €168.00 |
| 31/10/2027 | Tax on the coupon | -€21.00 |
| 31/10/2028 | Gross coupon | €168.00 |
| 31/10/2028 | Tax on the coupon | -€21.00 |
| 31/10/2029 | Gross coupon | €168.00 |
| 31/10/2029 | Tax on the coupon | -€21.00 |
| 31/10/2030 | Gross coupon | €168.00 |
| 31/10/2030 | Tax on the coupon | -€21.00 |
| 31/10/2031 | Gross coupon | €168.00 |
| 31/10/2031 | Tax on the coupon | -€21.00 |
| 31/10/2032 | Gross coupon | €168.00 |
| 31/10/2032 | Tax on the coupon | -€21.00 |
| 31/10/2033 | Gross coupon | €168.00 |
| 31/10/2033 | Tax on the coupon | -€21.00 |
| 31/10/2034 | Gross coupon | €168.00 |
| 31/10/2034 | Tax on the coupon | -€21.00 |
| 31/10/2035 | Gross coupon | €168.00 |
| 31/10/2035 | Tax on the coupon | -€21.00 |
| 31/10/2036 | Gross coupon | €168.00 |
| 31/10/2036 | Tax on the coupon | -€21.00 |
| 31/10/2037 | Gross coupon | €168.00 |
| 31/10/2037 | Tax on the coupon | -€21.00 |
| 31/10/2038 | Gross coupon | €168.00 |
| 31/10/2038 | Tax on the coupon | -€21.00 |
| 31/10/2039 | Gross coupon | €168.00 |
| 31/10/2039 | Tax on the coupon | -€21.00 |
| 31/10/2040 | Gross coupon | €168.00 |
| 31/10/2040 | Tax on the coupon | -€21.00 |
| 31/10/2040 | Redemption of the nominal | €14,000.00 |
| 31/10/2040 | Capital gain tax | -€563.67 |
| Net gain at maturity | €6,008.56 | |
It is the sum of all the movements: €16,540.31 received (coupons, redemption, tax credit on accrued interest) minus €10,531.75 paid (price, accrued interest, commissions and taxes) = €6,008.56. 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.