OAT TF 1,5% MG31 EUR
FR0012993103
DIRECTION GENERALE DU TRESORForeign governmentMOT
- Last price
- 89.10
- as of 14/10/2026
- Gross yield
- 4.15%
- Net yield
- 3.65%
- Maturity
- 25/05/2031
- 4y 7m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,859.14
- Net gain at maturity
- €1,712.83
- Net yield
- 3.65%
- Gross yield
- 4.15%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 89.10
- Nominal value
- 11,000
- Clean value
- €9,801.00
- Gross accrued interest
- €66.45
- Tax credit on accrued interest
- -€8.31
- Commissions
- €0.00
- Settlement amount
- €9,859.14
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.15% | 3.65% | 3.95% |
| Modified duration | 4.27 | 4.29 | 4.28 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €825.00
- Tax on coupons
- -€103.15
- Redemption of the nominal
- €11,000.00
- Capital gain
- €1,199.00
- Capital gain tax
- -€149.88
- Net gain at maturity
- €1,712.83
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,801.00 |
| 19/10/2026 | Gross accrued interest | -€66.45 |
| 19/10/2026 | Tax credit on accrued interest | €8.31 |
| 25/05/2027 | Gross coupon | €165.00 |
| 25/05/2027 | Tax on the coupon | -€20.63 |
| 25/05/2028 | Gross coupon | €165.00 |
| 25/05/2028 | Tax on the coupon | -€20.63 |
| 25/05/2029 | Gross coupon | €165.00 |
| 25/05/2029 | Tax on the coupon | -€20.63 |
| 25/05/2030 | Gross coupon | €165.00 |
| 25/05/2030 | Tax on the coupon | -€20.63 |
| 25/05/2031 | Gross coupon | €165.00 |
| 25/05/2031 | Tax on the coupon | -€20.63 |
| 25/05/2031 | Redemption of the nominal | €11,000.00 |
| 25/05/2031 | Capital gain tax | -€149.88 |
| Net gain at maturity | €1,712.83 | |
It is the sum of all the movements: €11,833.31 received (coupons, redemption, tax credit on accrued interest) minus €10,120.48 paid (price, accrued interest, commissions and taxes) = €1,712.83. 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.