BTP 2,85% 01/02/2031
IT0005671273
REPUBBLICA ITALIANABTPHi-MTF · MOT
- Last price
- 96.18
- as of 16/10/2026
- Gross yield
- 3.86%
- Net yield
- 3.38%
- Maturity
- 01/02/2031
- 4y 3m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,672.21
- Net gain at maturity
- €1,402.25
- Net yield
- 3.38%
- Gross yield
- 3.86%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 96.18
- Nominal value
- 10,000
- Clean value
- €9,618.00
- Gross accrued interest
- €61.96
- Tax credit on accrued interest
- -€7.75
- Commissions
- €0.00
- Settlement amount
- €9,672.21
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.86% | 3.38% | 3.49% |
| Modified duration | 3.89 | 3.91 | 3.90 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €1,282.50
- Tax on coupons
- -€160.29
- Redemption of the nominal
- €10,000.00
- Capital gain
- €382.00
- Capital gain tax
- -€47.75
- Net gain at maturity
- €1,402.25
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,618.00 |
| 20/10/2026 | Gross accrued interest | -€61.96 |
| 20/10/2026 | Tax credit on accrued interest | €7.75 |
| 01/02/2027 | Gross coupon | €142.50 |
| 01/02/2027 | Tax on the coupon | -€17.81 |
| 01/08/2027 | Gross coupon | €142.50 |
| 01/08/2027 | Tax on the coupon | -€17.81 |
| 01/02/2028 | Gross coupon | €142.50 |
| 01/02/2028 | Tax on the coupon | -€17.81 |
| 01/08/2028 | Gross coupon | €142.50 |
| 01/08/2028 | Tax on the coupon | -€17.81 |
| 01/02/2029 | Gross coupon | €142.50 |
| 01/02/2029 | Tax on the coupon | -€17.81 |
| 01/08/2029 | Gross coupon | €142.50 |
| 01/08/2029 | Tax on the coupon | -€17.81 |
| 01/02/2030 | Gross coupon | €142.50 |
| 01/02/2030 | Tax on the coupon | -€17.81 |
| 01/08/2030 | Gross coupon | €142.50 |
| 01/08/2030 | Tax on the coupon | -€17.81 |
| 01/02/2031 | Gross coupon | €142.50 |
| 01/02/2031 | Tax on the coupon | -€17.81 |
| 01/02/2031 | Redemption of the nominal | €10,000.00 |
| 01/02/2031 | Capital gain tax | -€47.75 |
| Net gain at maturity | €1,402.25 | |
It is the sum of all the movements: €11,290.25 received (coupons, redemption, tax credit on accrued interest) minus €9,888.00 paid (price, accrued interest, commissions and taxes) = €1,402.25. 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.