Strip BTP 01/08/2039
IT0004848690
REPUBBLICA ITALIANAStripsMOT
- Last price
- 54.50
- as of 13/10/2026
- Gross yield
- 4.86%
- Net yield
- 4.38%
- Maturity
- 01/08/2039
- 12y 9m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,810.00
- Net gain at maturity
- €7,166.25
- Net yield
- 4.38%
- Gross yield
- 4.86%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 54.50
- Nominal value
- 18,000
- Clean value
- €9,810.00
- Gross accrued interest
- €0.00
- Commissions
- €0.00
- Settlement amount
- €9,810.00
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.86% | 4.38% | 4.86% |
| Modified duration | 12.20 | 12.25 | 12.20 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €0.00
- Redemption of the nominal
- €18,000.00
- Capital gain
- €8,190.00
- Capital gain tax
- -€1,023.75
- Net gain at maturity
- €7,166.25
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,810.00 |
| 01/08/2039 | Redemption of the nominal | €18,000.00 |
| 01/08/2039 | Capital gain tax | -€1,023.75 |
| Net gain at maturity | €7,166.25 | |
It is the sum of all the movements: €18,000.00 received (coupons, redemption, tax credit on accrued interest) minus €10,833.75 paid (price, accrued interest, commissions and taxes) = €7,166.25. 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.