BTP 6% 01/05/2031
IT0001444378
REPUBBLICA ITALIANABTPHi-MTF · MOT
- Last price
- 109.08
- as of 16/10/2026
- Gross yield
- 3.84%
- Net yield
- 3.11%
- Maturity
- 01/05/2031
- 4y 6m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €8,922.71
- Net gain at maturity
- €1,177.29
- Net yield
- 3.11%
- Gross yield
- 3.84%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 109.08
- Nominal value
- 8,000
- Clean value
- €8,726.40
- Gross accrued interest
- €224.35
- Tax credit on accrued interest
- -€28.04
- Commissions
- €0.00
- Settlement amount
- €8,922.71
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.84% | 3.11% | 3.11% |
| Modified duration | 3.81 | 3.85 | 3.85 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €2,400.00
- Tax on coupons
- -€300.00
- Redemption of the nominal
- €8,000.00
- Capital loss
- -€726.40
- Capital gain tax
- -€0.00
- Net gain at maturity
- €1,177.29
No tax: in Italy the capital loss can offset capital gains of the next four years.
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€8,726.40 |
| 20/10/2026 | Gross accrued interest | -€224.35 |
| 20/10/2026 | Tax credit on accrued interest | €28.04 |
| 01/11/2026 | Gross coupon | €240.00 |
| 01/11/2026 | Tax on the coupon | -€30.00 |
| 01/05/2027 | Gross coupon | €240.00 |
| 01/05/2027 | Tax on the coupon | -€30.00 |
| 01/11/2027 | Gross coupon | €240.00 |
| 01/11/2027 | Tax on the coupon | -€30.00 |
| 01/05/2028 | Gross coupon | €240.00 |
| 01/05/2028 | Tax on the coupon | -€30.00 |
| 01/11/2028 | Gross coupon | €240.00 |
| 01/11/2028 | Tax on the coupon | -€30.00 |
| 01/05/2029 | Gross coupon | €240.00 |
| 01/05/2029 | Tax on the coupon | -€30.00 |
| 01/11/2029 | Gross coupon | €240.00 |
| 01/11/2029 | Tax on the coupon | -€30.00 |
| 01/05/2030 | Gross coupon | €240.00 |
| 01/05/2030 | Tax on the coupon | -€30.00 |
| 01/11/2030 | Gross coupon | €240.00 |
| 01/11/2030 | Tax on the coupon | -€30.00 |
| 01/05/2031 | Gross coupon | €240.00 |
| 01/05/2031 | Tax on the coupon | -€30.00 |
| 01/05/2031 | Redemption of the nominal | €8,000.00 |
| Net gain at maturity | €1,177.29 | |
It is the sum of all the movements: €10,428.04 received (coupons, redemption, tax credit on accrued interest) minus €9,250.75 paid (price, accrued interest, commissions and taxes) = €1,177.29. 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.