ITALY 33USD 5,375

US465410BG26ItalyREPUBBLICA ITALIANAOther Republic of ItalyHi-MTF · MOT

Last price
100.47
as of 16/10/2026
Gross yield
5.36%
Net yield
4.67%
Maturity
15/06/2033
6y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.

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USD

Last price: 100.47 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.

Amounts are in USD, the bond currency: exchange rate effects (and their taxation) are not considered.
Settlement amount
US$9,189.18
Net gain at maturity
US$2,773.78
Net yield
4.67%
Gross yield
5.36%

Order details

Settlement date
20/10/2026
Purchase price (clean)
100.47
Nominal value
9,000
Clean value
US$9,042.30
Gross accrued interest
US$167.86
Tax credit on accrued interest
-US$20.98
Commissions
US$0.00
Settlement amount
US$9,189.18

Yields and duration

GrossNetNet without capital gain tax
Annual yield5.36%4.67%4.67%
Modified duration5.305.365.36

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

Outcome at maturity

Gross coupons
US$3,386.32
Tax on coupons
-US$423.36
Redemption of the nominal
US$9,000.00
Capital loss
-US$42.30
Capital gain tax
-US$0.00
Net gain at maturity
US$2,773.78

No tax: in Italy the capital loss can offset capital gains of the next four years.

Cash flows

DateDescriptionAmount
20/10/2026Payment of the price-US$9,042.30
20/10/2026Gross accrued interest-US$167.86
20/10/2026Tax credit on accrued interestUS$20.98
15/12/2026Gross couponUS$241.88
15/12/2026Tax on the coupon-US$30.24
15/06/2027Gross couponUS$241.88
15/06/2027Tax on the coupon-US$30.24
15/12/2027Gross couponUS$241.88
15/12/2027Tax on the coupon-US$30.24
15/06/2028Gross couponUS$241.88
15/06/2028Tax on the coupon-US$30.24
15/12/2028Gross couponUS$241.88
15/12/2028Tax on the coupon-US$30.24
15/06/2029Gross couponUS$241.88
15/06/2029Tax on the coupon-US$30.24
15/12/2029Gross couponUS$241.88
15/12/2029Tax on the coupon-US$30.24
15/06/2030Gross couponUS$241.88
15/06/2030Tax on the coupon-US$30.24
15/12/2030Gross couponUS$241.88
15/12/2030Tax on the coupon-US$30.24
15/06/2031Gross couponUS$241.88
15/06/2031Tax on the coupon-US$30.24
15/12/2031Gross couponUS$241.88
15/12/2031Tax on the coupon-US$30.24
15/06/2032Gross couponUS$241.88
15/06/2032Tax on the coupon-US$30.24
15/12/2032Gross couponUS$241.88
15/12/2032Tax on the coupon-US$30.24
15/06/2033Gross couponUS$241.88
15/06/2033Tax on the coupon-US$30.24
15/06/2033Redemption of the nominalUS$9,000.00
Net gain at maturityUS$2,773.78

It is the sum of all the movements: US$12,407.30 received (coupons, redemption, tax credit on accrued interest) minus US$9,633.52 paid (price, accrued interest, commissions and taxes) = US$2,773.78. 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.