OAT APR29 EUR 5,5
FR0000571218
DIRECTION GENERALE DU TRESORForeign governmentHi-MTF · MOT
- Last price
- 103.97
- as of 14/10/2026
- Gross yield
- 3.81%
- Net yield
- 3.14%
- Maturity
- 25/04/2029
- 2y 6m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,568.52
- Net gain at maturity
- €730.84
- Net yield
- 3.13%
- Gross yield
- 3.80%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 103.97
- Nominal value
- 9,000
- Clean value
- €9,357.30
- Gross accrued interest
- €241.40
- Tax credit on accrued interest
- -€30.18
- Commissions
- €0.00
- Settlement amount
- €9,568.52
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.80% | 3.13% | 3.13% |
| Modified duration | 2.28 | 2.29 | 2.29 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €1,485.00
- Tax on coupons
- -€185.64
- Redemption of the nominal
- €9,000.00
- Capital loss
- -€357.30
- Capital gain tax
- -€0.00
- Net gain at maturity
- €730.84
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 | -€9,357.30 |
| 20/10/2026 | Gross accrued interest | -€241.40 |
| 20/10/2026 | Tax credit on accrued interest | €30.18 |
| 25/04/2027 | Gross coupon | €495.00 |
| 25/04/2027 | Tax on the coupon | -€61.88 |
| 25/04/2028 | Gross coupon | €495.00 |
| 25/04/2028 | Tax on the coupon | -€61.88 |
| 25/04/2029 | Gross coupon | €495.00 |
| 25/04/2029 | Tax on the coupon | -€61.88 |
| 25/04/2029 | Redemption of the nominal | €9,000.00 |
| Net gain at maturity | €730.84 | |
It is the sum of all the movements: €10,515.18 received (coupons, redemption, tax credit on accrued interest) minus €9,784.34 paid (price, accrued interest, commissions and taxes) = €730.84. 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.