OAT AP41 EUR 4,5
FR0010773192
DIRECTION GENERALE DU TRESORForeign governmentMOT
- Last price
- 93.50
- as of 14/10/2026
- Gross yield
- 5.14%
- Net yield
- 4.51%
- Maturity
- 25/04/2041
- 14y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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- Settlement amount
- €9,540.94
- Net gain at maturity
- €6,284.06
- Net yield
- 4.51%
- Gross yield
- 5.14%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 93.50
- Nominal value
- 10,000
- Clean value
- €9,350.00
- Gross accrued interest
- €218.22
- Tax credit on accrued interest
- -€27.28
- Commissions
- €0.00
- Settlement amount
- €9,540.94
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 5.14% | 4.51% | 4.55% |
| Modified duration | 10.08 | 10.28 | 10.27 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €6,750.00
- Tax on coupons
- -€843.75
- Redemption of the nominal
- €10,000.00
- Capital gain
- €650.00
- Capital gain tax
- -€81.25
- Net gain at maturity
- €6,284.06
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,350.00 |
| 19/10/2026 | Gross accrued interest | -€218.22 |
| 19/10/2026 | Tax credit on accrued interest | €27.28 |
| 25/04/2027 | Gross coupon | €450.00 |
| 25/04/2027 | Tax on the coupon | -€56.25 |
| 25/04/2028 | Gross coupon | €450.00 |
| 25/04/2028 | Tax on the coupon | -€56.25 |
| 25/04/2029 | Gross coupon | €450.00 |
| 25/04/2029 | Tax on the coupon | -€56.25 |
| 25/04/2030 | Gross coupon | €450.00 |
| 25/04/2030 | Tax on the coupon | -€56.25 |
| 25/04/2031 | Gross coupon | €450.00 |
| 25/04/2031 | Tax on the coupon | -€56.25 |
| 25/04/2032 | Gross coupon | €450.00 |
| 25/04/2032 | Tax on the coupon | -€56.25 |
| 25/04/2033 | Gross coupon | €450.00 |
| 25/04/2033 | Tax on the coupon | -€56.25 |
| 25/04/2034 | Gross coupon | €450.00 |
| 25/04/2034 | Tax on the coupon | -€56.25 |
| 25/04/2035 | Gross coupon | €450.00 |
| 25/04/2035 | Tax on the coupon | -€56.25 |
| 25/04/2036 | Gross coupon | €450.00 |
| 25/04/2036 | Tax on the coupon | -€56.25 |
| 25/04/2037 | Gross coupon | €450.00 |
| 25/04/2037 | Tax on the coupon | -€56.25 |
| 25/04/2038 | Gross coupon | €450.00 |
| 25/04/2038 | Tax on the coupon | -€56.25 |
| 25/04/2039 | Gross coupon | €450.00 |
| 25/04/2039 | Tax on the coupon | -€56.25 |
| 25/04/2040 | Gross coupon | €450.00 |
| 25/04/2040 | Tax on the coupon | -€56.25 |
| 25/04/2041 | Gross coupon | €450.00 |
| 25/04/2041 | Tax on the coupon | -€56.25 |
| 25/04/2041 | Redemption of the nominal | €10,000.00 |
| 25/04/2041 | Capital gain tax | -€81.25 |
| Net gain at maturity | €6,284.06 | |
It is the sum of all the movements: €16,777.28 received (coupons, redemption, tax credit on accrued interest) minus €10,493.22 paid (price, accrued interest, commissions and taxes) = €6,284.06. 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.