PORTUGAL FX 3.875% JUN46 EUR

PTOTEEOE0019PortugalREPUBLIC OF PORTUGALForeign governmentHi-MTF · MOT

Last price
94.14
as of 13/10/2026
Gross yield
4.32%
Net yield
3.79%
Maturity
15/06/2046
19y 8m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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: 94.14 on 13/10/2026

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
€9,531.98
Net gain at maturity
€7,175.97
Net yield
3.79%
Gross yield
4.32%

Order details

Settlement date
20/10/2026
Purchase price (clean)
94.14
Nominal value
10,000
Clean value
€9,414.00
Gross accrued interest
€134.83
Tax credit on accrued interest
-€16.85
Commissions
€0.00
Settlement amount
€9,531.98

Yields and duration

GrossNetNet without capital gain tax
Annual yield4.32%3.79%3.82%
Modified duration13.1713.4613.45

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

Outcome at maturity

Gross coupons
€7,750.00
Tax on coupons
-€968.80
Redemption of the nominal
€10,000.00
Capital gain
€586.00
Capital gain tax
-€73.25
Net gain at maturity
€7,175.97

Cash flows

DateDescriptionAmount
20/10/2026Payment of the price-€9,414.00
20/10/2026Gross accrued interest-€134.83
20/10/2026Tax credit on accrued interest€16.85
15/06/2027Gross coupon€387.50
15/06/2027Tax on the coupon-€48.44
15/06/2028Gross coupon€387.50
15/06/2028Tax on the coupon-€48.44
15/06/2029Gross coupon€387.50
15/06/2029Tax on the coupon-€48.44
15/06/2030Gross coupon€387.50
15/06/2030Tax on the coupon-€48.44
15/06/2031Gross coupon€387.50
15/06/2031Tax on the coupon-€48.44
15/06/2032Gross coupon€387.50
15/06/2032Tax on the coupon-€48.44
15/06/2033Gross coupon€387.50
15/06/2033Tax on the coupon-€48.44
15/06/2034Gross coupon€387.50
15/06/2034Tax on the coupon-€48.44
15/06/2035Gross coupon€387.50
15/06/2035Tax on the coupon-€48.44
15/06/2036Gross coupon€387.50
15/06/2036Tax on the coupon-€48.44
15/06/2037Gross coupon€387.50
15/06/2037Tax on the coupon-€48.44
15/06/2038Gross coupon€387.50
15/06/2038Tax on the coupon-€48.44
15/06/2039Gross coupon€387.50
15/06/2039Tax on the coupon-€48.44
15/06/2040Gross coupon€387.50
15/06/2040Tax on the coupon-€48.44
15/06/2041Gross coupon€387.50
15/06/2041Tax on the coupon-€48.44
15/06/2042Gross coupon€387.50
15/06/2042Tax on the coupon-€48.44
15/06/2043Gross coupon€387.50
15/06/2043Tax on the coupon-€48.44
15/06/2044Gross coupon€387.50
15/06/2044Tax on the coupon-€48.44
15/06/2045Gross coupon€387.50
15/06/2045Tax on the coupon-€48.44
15/06/2046Gross coupon€387.50
15/06/2046Tax on the coupon-€48.44
15/06/2046Redemption of the nominal€10,000.00
15/06/2046Capital gain tax-€73.25
Net gain at maturity€7,175.97

It is the sum of all the movements: €17,766.85 received (coupons, redemption, tax credit on accrued interest) minus €10,590.88 paid (price, accrued interest, commissions and taxes) = €7,175.97. 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.