PORTUGAL TF 4.1% AP37 EUR
PTOTE5OE0007
REPUBLIC OF PORTUGALForeign governmentHi-MTF · MOT
- Last price
- 101.53
- as of 16/10/2026
- Gross yield
- 3.92%
- Net yield
- 3.41%
- Maturity
- 15/04/2037
- 10y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,304.00
- Net gain at maturity
- €3,247.57
- Net yield
- 3.41%
- Gross yield
- 3.91%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 101.53
- Nominal value
- 9,000
- Clean value
- €9,137.70
- Gross accrued interest
- €190.06
- Tax credit on accrued interest
- -€23.76
- Commissions
- €0.00
- Settlement amount
- €9,304.00
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.91% | 3.41% | 3.41% |
| Modified duration | 8.26 | 8.35 | 8.35 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €4,059.00
- Tax on coupons
- -€507.43
- Redemption of the nominal
- €9,000.00
- Capital loss
- -€137.70
- Capital gain tax
- -€0.00
- Net gain at maturity
- €3,247.57
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 | -€9,137.70 |
| 20/10/2026 | Gross accrued interest | -€190.06 |
| 20/10/2026 | Tax credit on accrued interest | €23.76 |
| 15/04/2027 | Gross coupon | €369.00 |
| 15/04/2027 | Tax on the coupon | -€46.13 |
| 15/04/2028 | Gross coupon | €369.00 |
| 15/04/2028 | Tax on the coupon | -€46.13 |
| 15/04/2029 | Gross coupon | €369.00 |
| 15/04/2029 | Tax on the coupon | -€46.13 |
| 15/04/2030 | Gross coupon | €369.00 |
| 15/04/2030 | Tax on the coupon | -€46.13 |
| 15/04/2031 | Gross coupon | €369.00 |
| 15/04/2031 | Tax on the coupon | -€46.13 |
| 15/04/2032 | Gross coupon | €369.00 |
| 15/04/2032 | Tax on the coupon | -€46.13 |
| 15/04/2033 | Gross coupon | €369.00 |
| 15/04/2033 | Tax on the coupon | -€46.13 |
| 15/04/2034 | Gross coupon | €369.00 |
| 15/04/2034 | Tax on the coupon | -€46.13 |
| 15/04/2035 | Gross coupon | €369.00 |
| 15/04/2035 | Tax on the coupon | -€46.13 |
| 15/04/2036 | Gross coupon | €369.00 |
| 15/04/2036 | Tax on the coupon | -€46.13 |
| 15/04/2037 | Gross coupon | €369.00 |
| 15/04/2037 | Tax on the coupon | -€46.13 |
| 15/04/2037 | Redemption of the nominal | €9,000.00 |
| Net gain at maturity | €3,247.57 | |
It is the sum of all the movements: €13,082.76 received (coupons, redemption, tax credit on accrued interest) minus €9,835.19 paid (price, accrued interest, commissions and taxes) = €3,247.57. 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.