OAT FX 3% NOV34 EUR
FR001400QMF9
DIRECTION GENERALE DU TRESORForeign governmentHi-MTF · MOT
- Last price
- 88.92
- as of 14/10/2026
- Gross yield
- 4.67%
- Net yield
- 4.11%
- Maturity
- 25/11/2034
- 8y 1m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,128.61
- Net gain at maturity
- €3,095.39
- Net yield
- 4.11%
- Gross yield
- 4.67%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 88.92
- Nominal value
- 10,000
- Clean value
- €8,892.00
- Gross accrued interest
- €270.41
- Tax credit on accrued interest
- -€33.80
- Commissions
- €0.00
- Settlement amount
- €9,128.61
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.67% | 4.11% | 4.27% |
| Modified duration | 6.73 | 6.79 | 6.77 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €2,700.00
- Tax on coupons
- -€337.50
- Redemption of the nominal
- €10,000.00
- Capital gain
- €1,108.00
- Capital gain tax
- -€138.50
- Net gain at maturity
- €3,095.39
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€8,892.00 |
| 20/10/2026 | Gross accrued interest | -€270.41 |
| 20/10/2026 | Tax credit on accrued interest | €33.80 |
| 25/11/2026 | Gross coupon | €300.00 |
| 25/11/2026 | Tax on the coupon | -€37.50 |
| 25/11/2027 | Gross coupon | €300.00 |
| 25/11/2027 | Tax on the coupon | -€37.50 |
| 25/11/2028 | Gross coupon | €300.00 |
| 25/11/2028 | Tax on the coupon | -€37.50 |
| 25/11/2029 | Gross coupon | €300.00 |
| 25/11/2029 | Tax on the coupon | -€37.50 |
| 25/11/2030 | Gross coupon | €300.00 |
| 25/11/2030 | Tax on the coupon | -€37.50 |
| 25/11/2031 | Gross coupon | €300.00 |
| 25/11/2031 | Tax on the coupon | -€37.50 |
| 25/11/2032 | Gross coupon | €300.00 |
| 25/11/2032 | Tax on the coupon | -€37.50 |
| 25/11/2033 | Gross coupon | €300.00 |
| 25/11/2033 | Tax on the coupon | -€37.50 |
| 25/11/2034 | Gross coupon | €300.00 |
| 25/11/2034 | Tax on the coupon | -€37.50 |
| 25/11/2034 | Redemption of the nominal | €10,000.00 |
| 25/11/2034 | Capital gain tax | -€138.50 |
| Net gain at maturity | €3,095.39 | |
It is the sum of all the movements: €12,733.80 received (coupons, redemption, tax credit on accrued interest) minus €9,638.41 paid (price, accrued interest, commissions and taxes) = €3,095.39. 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.