BTP 0,95% 01/03/2037
IT0005433195
REPUBBLICA ITALIANABTPHi-MTF · MOT
- Last price
- 71.17
- as of 16/10/2026
- Gross yield
- 4.50%
- Net yield
- 4.01%
- Maturity
- 01/03/2037
- 10y 4m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
Simulate a purchase
Change the values: every figure updates at once. The page link keeps the simulation.
- Settlement amount
- €9,979.55
- Net gain at maturity
- €4,737.91
- Net yield
- 4.00%
- Gross yield
- 4.50%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 71.17
- Nominal value
- 14,000
- Clean value
- €9,963.80
- Gross accrued interest
- €18.00
- Tax credit on accrued interest
- -€2.25
- Commissions
- €0.00
- Settlement amount
- €9,979.55
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.50% | 4.00% | 4.35% |
| Modified duration | 9.35 | 9.41 | 9.37 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €1,396.50
- Tax on coupons
- -€174.51
- Redemption of the nominal
- €14,000.00
- Capital gain
- €4,036.20
- Capital gain tax
- -€504.53
- Net gain at maturity
- €4,737.91
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,963.80 |
| 20/10/2026 | Gross accrued interest | -€18.00 |
| 20/10/2026 | Tax credit on accrued interest | €2.25 |
| 01/03/2027 | Gross coupon | €66.50 |
| 01/03/2027 | Tax on the coupon | -€8.31 |
| 01/09/2027 | Gross coupon | €66.50 |
| 01/09/2027 | Tax on the coupon | -€8.31 |
| 01/03/2028 | Gross coupon | €66.50 |
| 01/03/2028 | Tax on the coupon | -€8.31 |
| 01/09/2028 | Gross coupon | €66.50 |
| 01/09/2028 | Tax on the coupon | -€8.31 |
| 01/03/2029 | Gross coupon | €66.50 |
| 01/03/2029 | Tax on the coupon | -€8.31 |
| 01/09/2029 | Gross coupon | €66.50 |
| 01/09/2029 | Tax on the coupon | -€8.31 |
| 01/03/2030 | Gross coupon | €66.50 |
| 01/03/2030 | Tax on the coupon | -€8.31 |
| 01/09/2030 | Gross coupon | €66.50 |
| 01/09/2030 | Tax on the coupon | -€8.31 |
| 01/03/2031 | Gross coupon | €66.50 |
| 01/03/2031 | Tax on the coupon | -€8.31 |
| 01/09/2031 | Gross coupon | €66.50 |
| 01/09/2031 | Tax on the coupon | -€8.31 |
| 01/03/2032 | Gross coupon | €66.50 |
| 01/03/2032 | Tax on the coupon | -€8.31 |
| 01/09/2032 | Gross coupon | €66.50 |
| 01/09/2032 | Tax on the coupon | -€8.31 |
| 01/03/2033 | Gross coupon | €66.50 |
| 01/03/2033 | Tax on the coupon | -€8.31 |
| 01/09/2033 | Gross coupon | €66.50 |
| 01/09/2033 | Tax on the coupon | -€8.31 |
| 01/03/2034 | Gross coupon | €66.50 |
| 01/03/2034 | Tax on the coupon | -€8.31 |
| 01/09/2034 | Gross coupon | €66.50 |
| 01/09/2034 | Tax on the coupon | -€8.31 |
| 01/03/2035 | Gross coupon | €66.50 |
| 01/03/2035 | Tax on the coupon | -€8.31 |
| 01/09/2035 | Gross coupon | €66.50 |
| 01/09/2035 | Tax on the coupon | -€8.31 |
| 01/03/2036 | Gross coupon | €66.50 |
| 01/03/2036 | Tax on the coupon | -€8.31 |
| 01/09/2036 | Gross coupon | €66.50 |
| 01/09/2036 | Tax on the coupon | -€8.31 |
| 01/03/2037 | Gross coupon | €66.50 |
| 01/03/2037 | Tax on the coupon | -€8.31 |
| 01/03/2037 | Redemption of the nominal | €14,000.00 |
| 01/03/2037 | Capital gain tax | -€504.53 |
| Net gain at maturity | €4,737.91 | |
It is the sum of all the movements: €15,398.75 received (coupons, redemption, tax credit on accrued interest) minus €10,660.84 paid (price, accrued interest, commissions and taxes) = €4,737.91. 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.