PORTUGAL TF 4,1% FB45 EUR

PTOTEBOE0020PortugalREPUBLIC OF PORTUGALForeign governmentHi-MTF · MOT

Last price
97.65
as of 16/10/2026
Gross yield
4.29%
Net yield
3.75%
Maturity
15/02/2045
18y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.

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EUR

Last price: 97.65 on 16/10/2026

Commissions
%
€
€

Percent of the order value, with a minimum and a maximum in euro (empty maximum = no limit). For a flat fee enter only the minimum.

Settlement amount
€9,007.00
Net gain at maturity
€6,101.09
Net yield
3.75%
Gross yield
4.28%

Order details

Settlement date
20/10/2026
Purchase price (clean)
97.65
Nominal value
9,000
Clean value
€8,788.50
Gross accrued interest
€249.71
Tax credit on accrued interest
-€31.21
Commissions
€0.00
Settlement amount
€9,007.00

Yields and duration

GrossNetNet without capital gain tax
Annual yield4.28%3.75%3.76%
Modified duration12.2912.5612.55

The last column applies when the capital gain is offset by earlier capital losses.

Outcome at maturity

Gross coupons
€7,011.00
Tax on coupons
-€876.47
Redemption of the nominal
€9,000.00
Capital gain
€211.50
Capital gain tax
-€26.44
Net gain at maturity
€6,101.09

Cash flows

DateDescriptionAmount
20/10/2026Payment of the price-€8,788.50
20/10/2026Gross accrued interest-€249.71
20/10/2026Tax credit on accrued interest€31.21
15/02/2027Gross coupon€369.00
15/02/2027Tax on the coupon-€46.13
15/02/2028Gross coupon€369.00
15/02/2028Tax on the coupon-€46.13
15/02/2029Gross coupon€369.00
15/02/2029Tax on the coupon-€46.13
15/02/2030Gross coupon€369.00
15/02/2030Tax on the coupon-€46.13
15/02/2031Gross coupon€369.00
15/02/2031Tax on the coupon-€46.13
15/02/2032Gross coupon€369.00
15/02/2032Tax on the coupon-€46.13
15/02/2033Gross coupon€369.00
15/02/2033Tax on the coupon-€46.13
15/02/2034Gross coupon€369.00
15/02/2034Tax on the coupon-€46.13
15/02/2035Gross coupon€369.00
15/02/2035Tax on the coupon-€46.13
15/02/2036Gross coupon€369.00
15/02/2036Tax on the coupon-€46.13
15/02/2037Gross coupon€369.00
15/02/2037Tax on the coupon-€46.13
15/02/2038Gross coupon€369.00
15/02/2038Tax on the coupon-€46.13
15/02/2039Gross coupon€369.00
15/02/2039Tax on the coupon-€46.13
15/02/2040Gross coupon€369.00
15/02/2040Tax on the coupon-€46.13
15/02/2041Gross coupon€369.00
15/02/2041Tax on the coupon-€46.13
15/02/2042Gross coupon€369.00
15/02/2042Tax on the coupon-€46.13
15/02/2043Gross coupon€369.00
15/02/2043Tax on the coupon-€46.13
15/02/2044Gross coupon€369.00
15/02/2044Tax on the coupon-€46.13
15/02/2045Gross coupon€369.00
15/02/2045Tax on the coupon-€46.13
15/02/2045Redemption of the nominal€9,000.00
15/02/2045Capital gain tax-€26.44
Net gain at maturity€6,101.09

It is the sum of all the movements: €16,042.21 received (coupons, redemption, tax credit on accrued interest) minus €9,941.12 paid (price, accrued interest, commissions and taxes) = €6,101.09. 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.