OAT TF 0,5% MG40 EUR
FR0013515806
DIRECTION GENERALE DU TRESORForeign governmentHi-MTF · MOT
- Last price
- 56.00
- as of 16/10/2026
- Gross yield
- 5.05%
- Net yield
- 4.55%
- Maturity
- 25/05/2040
- 13y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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Change the values: every figure updates at once. The page link keeps the simulation.
- Settlement amount
- €9,550.16
- Net gain at maturity
- €7,556.02
- Net yield
- 4.54%
- Gross yield
- 5.05%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 56.00
- Nominal value
- 17,000
- Clean value
- €9,520.00
- Gross accrued interest
- €34.47
- Tax credit on accrued interest
- -€4.31
- Commissions
- €0.00
- Settlement amount
- €9,550.16
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 5.05% | 4.54% | 4.96% |
| Modified duration | 12.33 | 12.42 | 12.34 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €1,190.00
- Tax on coupons
- -€148.82
- Redemption of the nominal
- €17,000.00
- Capital gain
- €7,480.00
- Capital gain tax
- -€935.00
- Net gain at maturity
- €7,556.02
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,520.00 |
| 20/10/2026 | Gross accrued interest | -€34.47 |
| 20/10/2026 | Tax credit on accrued interest | €4.31 |
| 25/05/2027 | Gross coupon | €85.00 |
| 25/05/2027 | Tax on the coupon | -€10.63 |
| 25/05/2028 | Gross coupon | €85.00 |
| 25/05/2028 | Tax on the coupon | -€10.63 |
| 25/05/2029 | Gross coupon | €85.00 |
| 25/05/2029 | Tax on the coupon | -€10.63 |
| 25/05/2030 | Gross coupon | €85.00 |
| 25/05/2030 | Tax on the coupon | -€10.63 |
| 25/05/2031 | Gross coupon | €85.00 |
| 25/05/2031 | Tax on the coupon | -€10.63 |
| 25/05/2032 | Gross coupon | €85.00 |
| 25/05/2032 | Tax on the coupon | -€10.63 |
| 25/05/2033 | Gross coupon | €85.00 |
| 25/05/2033 | Tax on the coupon | -€10.63 |
| 25/05/2034 | Gross coupon | €85.00 |
| 25/05/2034 | Tax on the coupon | -€10.63 |
| 25/05/2035 | Gross coupon | €85.00 |
| 25/05/2035 | Tax on the coupon | -€10.63 |
| 25/05/2036 | Gross coupon | €85.00 |
| 25/05/2036 | Tax on the coupon | -€10.63 |
| 25/05/2037 | Gross coupon | €85.00 |
| 25/05/2037 | Tax on the coupon | -€10.63 |
| 25/05/2038 | Gross coupon | €85.00 |
| 25/05/2038 | Tax on the coupon | -€10.63 |
| 25/05/2039 | Gross coupon | €85.00 |
| 25/05/2039 | Tax on the coupon | -€10.63 |
| 25/05/2040 | Gross coupon | €85.00 |
| 25/05/2040 | Tax on the coupon | -€10.63 |
| 25/05/2040 | Redemption of the nominal | €17,000.00 |
| 25/05/2040 | Capital gain tax | -€935.00 |
| Net gain at maturity | €7,556.02 | |
It is the sum of all the movements: €18,194.31 received (coupons, redemption, tax credit on accrued interest) minus €10,638.29 paid (price, accrued interest, commissions and taxes) = €7,556.02. 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.