OAT FX 4.4% MAY57 EUR
FR0014016CV2
DIRECTION GENERALE DU TRESORForeign governmentHi-MTF · MOT
- Last price
- 84.60
- as of 14/10/2026
- Gross yield
- 5.44%
- Net yield
- 4.79%
- Maturity
- 25/05/2057
- 30y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,476.56
- Net gain at maturity
- €14,440.19
- Net yield
- 4.79%
- Gross yield
- 5.44%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 84.60
- Nominal value
- 11,000
- Clean value
- €9,306.00
- Gross accrued interest
- €194.93
- Tax credit on accrued interest
- -€24.37
- Commissions
- €0.00
- Settlement amount
- €9,476.56
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 5.44% | 4.79% | 4.82% |
| Modified duration | 15.09 | 15.89 | 15.85 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €15,004.00
- Tax on coupons
- -€1,875.50
- Redemption of the nominal
- €11,000.00
- Capital gain
- €1,694.00
- Capital gain tax
- -€211.75
- Net gain at maturity
- €14,440.19
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,306.00 |
| 19/10/2026 | Gross accrued interest | -€194.93 |
| 19/10/2026 | Tax credit on accrued interest | €24.37 |
| 25/05/2027 | Gross coupon | €484.00 |
| 25/05/2027 | Tax on the coupon | -€60.50 |
| 25/05/2028 | Gross coupon | €484.00 |
| 25/05/2028 | Tax on the coupon | -€60.50 |
| 25/05/2029 | Gross coupon | €484.00 |
| 25/05/2029 | Tax on the coupon | -€60.50 |
| 25/05/2030 | Gross coupon | €484.00 |
| 25/05/2030 | Tax on the coupon | -€60.50 |
| 25/05/2031 | Gross coupon | €484.00 |
| 25/05/2031 | Tax on the coupon | -€60.50 |
| 25/05/2032 | Gross coupon | €484.00 |
| 25/05/2032 | Tax on the coupon | -€60.50 |
| 25/05/2033 | Gross coupon | €484.00 |
| 25/05/2033 | Tax on the coupon | -€60.50 |
| 25/05/2034 | Gross coupon | €484.00 |
| 25/05/2034 | Tax on the coupon | -€60.50 |
| 25/05/2035 | Gross coupon | €484.00 |
| 25/05/2035 | Tax on the coupon | -€60.50 |
| 25/05/2036 | Gross coupon | €484.00 |
| 25/05/2036 | Tax on the coupon | -€60.50 |
| 25/05/2037 | Gross coupon | €484.00 |
| 25/05/2037 | Tax on the coupon | -€60.50 |
| 25/05/2038 | Gross coupon | €484.00 |
| 25/05/2038 | Tax on the coupon | -€60.50 |
| 25/05/2039 | Gross coupon | €484.00 |
| 25/05/2039 | Tax on the coupon | -€60.50 |
| 25/05/2040 | Gross coupon | €484.00 |
| 25/05/2040 | Tax on the coupon | -€60.50 |
| 25/05/2041 | Gross coupon | €484.00 |
| 25/05/2041 | Tax on the coupon | -€60.50 |
| 25/05/2042 | Gross coupon | €484.00 |
| 25/05/2042 | Tax on the coupon | -€60.50 |
| 25/05/2043 | Gross coupon | €484.00 |
| 25/05/2043 | Tax on the coupon | -€60.50 |
| 25/05/2044 | Gross coupon | €484.00 |
| 25/05/2044 | Tax on the coupon | -€60.50 |
| 25/05/2045 | Gross coupon | €484.00 |
| 25/05/2045 | Tax on the coupon | -€60.50 |
| 25/05/2046 | Gross coupon | €484.00 |
| 25/05/2046 | Tax on the coupon | -€60.50 |
| 25/05/2047 | Gross coupon | €484.00 |
| 25/05/2047 | Tax on the coupon | -€60.50 |
| 25/05/2048 | Gross coupon | €484.00 |
| 25/05/2048 | Tax on the coupon | -€60.50 |
| 25/05/2049 | Gross coupon | €484.00 |
| 25/05/2049 | Tax on the coupon | -€60.50 |
| 25/05/2050 | Gross coupon | €484.00 |
| 25/05/2050 | Tax on the coupon | -€60.50 |
| 25/05/2051 | Gross coupon | €484.00 |
| 25/05/2051 | Tax on the coupon | -€60.50 |
| 25/05/2052 | Gross coupon | €484.00 |
| 25/05/2052 | Tax on the coupon | -€60.50 |
| 25/05/2053 | Gross coupon | €484.00 |
| 25/05/2053 | Tax on the coupon | -€60.50 |
| 25/05/2054 | Gross coupon | €484.00 |
| 25/05/2054 | Tax on the coupon | -€60.50 |
| 25/05/2055 | Gross coupon | €484.00 |
| 25/05/2055 | Tax on the coupon | -€60.50 |
| 25/05/2056 | Gross coupon | €484.00 |
| 25/05/2056 | Tax on the coupon | -€60.50 |
| 25/05/2057 | Gross coupon | €484.00 |
| 25/05/2057 | Tax on the coupon | -€60.50 |
| 25/05/2057 | Redemption of the nominal | €11,000.00 |
| 25/05/2057 | Capital gain tax | -€211.75 |
| Net gain at maturity | €14,440.19 | |
It is the sum of all the movements: €26,028.37 received (coupons, redemption, tax credit on accrued interest) minus €11,588.18 paid (price, accrued interest, commissions and taxes) = €14,440.19. 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.