OAT FX 3.5% NOV35 EUR
FR0014012II5
DIRECTION GENERALE DU TRESORForeign governmentHi-MTF · MOT
- Last price
- 90.77
- as of 14/10/2026
- Gross yield
- 4.77%
- Net yield
- 4.20%
- Maturity
- 25/11/2035
- 9y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,353.04
- Net gain at maturity
- €3,594.08
- Net yield
- 4.19%
- Gross yield
- 4.77%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 90.77
- Nominal value
- 10,000
- Clean value
- €9,077.00
- Gross accrued interest
- €315.48
- Tax credit on accrued interest
- -€39.44
- Commissions
- €0.00
- Settlement amount
- €9,353.04
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.77% | 4.19% | 4.31% |
| Modified duration | 7.27 | 7.35 | 7.34 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €3,500.00
- Tax on coupons
- -€437.50
- Redemption of the nominal
- €10,000.00
- Capital gain
- €923.00
- Capital gain tax
- -€115.38
- Net gain at maturity
- €3,594.08
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,077.00 |
| 20/10/2026 | Gross accrued interest | -€315.48 |
| 20/10/2026 | Tax credit on accrued interest | €39.44 |
| 25/11/2026 | Gross coupon | €350.00 |
| 25/11/2026 | Tax on the coupon | -€43.75 |
| 25/11/2027 | Gross coupon | €350.00 |
| 25/11/2027 | Tax on the coupon | -€43.75 |
| 25/11/2028 | Gross coupon | €350.00 |
| 25/11/2028 | Tax on the coupon | -€43.75 |
| 25/11/2029 | Gross coupon | €350.00 |
| 25/11/2029 | Tax on the coupon | -€43.75 |
| 25/11/2030 | Gross coupon | €350.00 |
| 25/11/2030 | Tax on the coupon | -€43.75 |
| 25/11/2031 | Gross coupon | €350.00 |
| 25/11/2031 | Tax on the coupon | -€43.75 |
| 25/11/2032 | Gross coupon | €350.00 |
| 25/11/2032 | Tax on the coupon | -€43.75 |
| 25/11/2033 | Gross coupon | €350.00 |
| 25/11/2033 | Tax on the coupon | -€43.75 |
| 25/11/2034 | Gross coupon | €350.00 |
| 25/11/2034 | Tax on the coupon | -€43.75 |
| 25/11/2035 | Gross coupon | €350.00 |
| 25/11/2035 | Tax on the coupon | -€43.75 |
| 25/11/2035 | Redemption of the nominal | €10,000.00 |
| 25/11/2035 | Capital gain tax | -€115.38 |
| Net gain at maturity | €3,594.08 | |
It is the sum of all the movements: €13,539.44 received (coupons, redemption, tax credit on accrued interest) minus €9,945.36 paid (price, accrued interest, commissions and taxes) = €3,594.08. 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.