OBLIGACIONES TF 3,55% OT33 EUR
ES0000012L78
SECRETARÍA GENERAL DEL TESORO Y FINANCIACIÓN INTERNACIONALForeign governmentHi-MTF · MOT
- Last price
- 98.40
- as of 14/10/2026
- Gross yield
- 3.81%
- Net yield
- 3.34%
- Maturity
- 31/10/2033
- 7y
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,126.37
- Net gain at maturity
- €2,092.11
- Net yield
- 3.34%
- Gross yield
- 3.81%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 98.40
- Nominal value
- 9,000
- Clean value
- €8,856.00
- Gross accrued interest
- €309.00
- Tax credit on accrued interest
- -€38.63
- Commissions
- €0.00
- Settlement amount
- €9,126.37
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.81% | 3.34% | 3.36% |
| Modified duration | 5.91 | 5.95 | 5.95 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €2,556.00
- Tax on coupons
- -€319.52
- Redemption of the nominal
- €9,000.00
- Capital gain
- €144.00
- Capital gain tax
- -€18.00
- Net gain at maturity
- €2,092.11
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€8,856.00 |
| 19/10/2026 | Gross accrued interest | -€309.00 |
| 19/10/2026 | Tax credit on accrued interest | €38.63 |
| 31/10/2026 | Gross coupon | €319.50 |
| 31/10/2026 | Tax on the coupon | -€39.94 |
| 31/10/2027 | Gross coupon | €319.50 |
| 31/10/2027 | Tax on the coupon | -€39.94 |
| 31/10/2028 | Gross coupon | €319.50 |
| 31/10/2028 | Tax on the coupon | -€39.94 |
| 31/10/2029 | Gross coupon | €319.50 |
| 31/10/2029 | Tax on the coupon | -€39.94 |
| 31/10/2030 | Gross coupon | €319.50 |
| 31/10/2030 | Tax on the coupon | -€39.94 |
| 31/10/2031 | Gross coupon | €319.50 |
| 31/10/2031 | Tax on the coupon | -€39.94 |
| 31/10/2032 | Gross coupon | €319.50 |
| 31/10/2032 | Tax on the coupon | -€39.94 |
| 31/10/2033 | Gross coupon | €319.50 |
| 31/10/2033 | Tax on the coupon | -€39.94 |
| 31/10/2033 | Redemption of the nominal | €9,000.00 |
| 31/10/2033 | Capital gain tax | -€18.00 |
| Net gain at maturity | €2,092.11 | |
It is the sum of all the movements: €11,594.63 received (coupons, redemption, tax credit on accrued interest) minus €9,502.52 paid (price, accrued interest, commissions and taxes) = €2,092.11. 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.