ITALY TF 4% OT49 USD

US465410BZ07ItalyREPUBBLICA ITALIANAOther Republic of ItalyHi-MTF · MOT

Last price
70.00
as of 14/10/2026
Gross yield
6.65%
Net yield
5.88%
Maturity
17/10/2049
23y
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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: 70.00 on 14/10/2026

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$9,804.04
Net gain at maturity
US$14,940.96
Net yield
5.88%
Gross yield
6.64%

Order details

Settlement date
20/10/2026
Purchase price (clean)
70.00
Nominal value
14,000
Clean value
US$9,800.00
Gross accrued interest
US$4.62
Tax credit on accrued interest
-US$0.58
Commissions
US$0.00
Settlement amount
US$9,804.04

Yields and duration

GrossNetNet without capital gain tax
Annual yield6.64%5.88%5.98%
Modified duration12.7213.2813.20

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

Outcome at maturity

Gross coupons
US$12,880.00
Tax on coupons
-US$1,610.00
Redemption of the nominal
US$14,000.00
Capital gain
US$4,200.00
Capital gain tax
-US$525.00
Net gain at maturity
US$14,940.96

Cash flows

DateDescriptionAmount
20/10/2026Payment of the price-US$9,800.00
20/10/2026Gross accrued interest-US$4.62
20/10/2026Tax credit on accrued interestUS$0.58
17/04/2027Gross couponUS$280.00
17/04/2027Tax on the coupon-US$35.00
17/10/2027Gross couponUS$280.00
17/10/2027Tax on the coupon-US$35.00
17/04/2028Gross couponUS$280.00
17/04/2028Tax on the coupon-US$35.00
17/10/2028Gross couponUS$280.00
17/10/2028Tax on the coupon-US$35.00
17/04/2029Gross couponUS$280.00
17/04/2029Tax on the coupon-US$35.00
17/10/2029Gross couponUS$280.00
17/10/2029Tax on the coupon-US$35.00
17/04/2030Gross couponUS$280.00
17/04/2030Tax on the coupon-US$35.00
17/10/2030Gross couponUS$280.00
17/10/2030Tax on the coupon-US$35.00
17/04/2031Gross couponUS$280.00
17/04/2031Tax on the coupon-US$35.00
17/10/2031Gross couponUS$280.00
17/10/2031Tax on the coupon-US$35.00
17/04/2032Gross couponUS$280.00
17/04/2032Tax on the coupon-US$35.00
17/10/2032Gross couponUS$280.00
17/10/2032Tax on the coupon-US$35.00
17/04/2033Gross couponUS$280.00
17/04/2033Tax on the coupon-US$35.00
17/10/2033Gross couponUS$280.00
17/10/2033Tax on the coupon-US$35.00
17/04/2034Gross couponUS$280.00
17/04/2034Tax on the coupon-US$35.00
17/10/2034Gross couponUS$280.00
17/10/2034Tax on the coupon-US$35.00
17/04/2035Gross couponUS$280.00
17/04/2035Tax on the coupon-US$35.00
17/10/2035Gross couponUS$280.00
17/10/2035Tax on the coupon-US$35.00
17/04/2036Gross couponUS$280.00
17/04/2036Tax on the coupon-US$35.00
17/10/2036Gross couponUS$280.00
17/10/2036Tax on the coupon-US$35.00
17/04/2037Gross couponUS$280.00
17/04/2037Tax on the coupon-US$35.00
17/10/2037Gross couponUS$280.00
17/10/2037Tax on the coupon-US$35.00
17/04/2038Gross couponUS$280.00
17/04/2038Tax on the coupon-US$35.00
17/10/2038Gross couponUS$280.00
17/10/2038Tax on the coupon-US$35.00
17/04/2039Gross couponUS$280.00
17/04/2039Tax on the coupon-US$35.00
17/10/2039Gross couponUS$280.00
17/10/2039Tax on the coupon-US$35.00
17/04/2040Gross couponUS$280.00
17/04/2040Tax on the coupon-US$35.00
17/10/2040Gross couponUS$280.00
17/10/2040Tax on the coupon-US$35.00
17/04/2041Gross couponUS$280.00
17/04/2041Tax on the coupon-US$35.00
17/10/2041Gross couponUS$280.00
17/10/2041Tax on the coupon-US$35.00
17/04/2042Gross couponUS$280.00
17/04/2042Tax on the coupon-US$35.00
17/10/2042Gross couponUS$280.00
17/10/2042Tax on the coupon-US$35.00
17/04/2043Gross couponUS$280.00
17/04/2043Tax on the coupon-US$35.00
17/10/2043Gross couponUS$280.00
17/10/2043Tax on the coupon-US$35.00
17/04/2044Gross couponUS$280.00
17/04/2044Tax on the coupon-US$35.00
17/10/2044Gross couponUS$280.00
17/10/2044Tax on the coupon-US$35.00
17/04/2045Gross couponUS$280.00
17/04/2045Tax on the coupon-US$35.00
17/10/2045Gross couponUS$280.00
17/10/2045Tax on the coupon-US$35.00
17/04/2046Gross couponUS$280.00
17/04/2046Tax on the coupon-US$35.00
17/10/2046Gross couponUS$280.00
17/10/2046Tax on the coupon-US$35.00
17/04/2047Gross couponUS$280.00
17/04/2047Tax on the coupon-US$35.00
17/10/2047Gross couponUS$280.00
17/10/2047Tax on the coupon-US$35.00
17/04/2048Gross couponUS$280.00
17/04/2048Tax on the coupon-US$35.00
17/10/2048Gross couponUS$280.00
17/10/2048Tax on the coupon-US$35.00
17/04/2049Gross couponUS$280.00
17/04/2049Tax on the coupon-US$35.00
17/10/2049Gross couponUS$280.00
17/10/2049Tax on the coupon-US$35.00
17/10/2049Redemption of the nominalUS$14,000.00
17/10/2049Capital gain tax-US$525.00
Net gain at maturityUS$14,940.96

It is the sum of all the movements: US$26,880.58 received (coupons, redemption, tax credit on accrued interest) minus US$11,939.62 paid (price, accrued interest, commissions and taxes) = US$14,940.96. 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.