ROMANIA TF 6,125% GE44 USD

US77586TAE64RomaniaMINISTERUL FINANȚELORCorporateHi-MTF · MOT

Last price
87.80
as of 14/10/2026
Gross yield
7.52%
Net yield
5.60%
Maturity
22/01/2044
17y 3m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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: 87.80 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$8,890.85
Net gain at maturity
US$8,723.65
Net yield
5.60%
Gross yield
7.52%

Order details

Settlement date
20/10/2026
Purchase price (clean)
87.80
Nominal value
10,000
Clean value
US$8,780.00
Gross accrued interest
US$149.80
Tax credit on accrued interest
-US$38.95
Commissions
US$0.00
Settlement amount
US$8,890.85

Yields and duration

GrossNetNet without capital gain tax
Annual yield7.52%5.60%5.72%
Modified duration9.5410.3810.32

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

Outcome at maturity

Gross coupons
US$10,718.75
Tax on coupons
-US$2,787.05
Redemption of the nominal
US$10,000.00
Capital gain
US$1,220.00
Capital gain tax
-US$317.20
Net gain at maturity
US$8,723.65

Cash flows

DateDescriptionAmount
20/10/2026Payment of the price-US$8,780.00
20/10/2026Gross accrued interest-US$149.80
20/10/2026Tax credit on accrued interestUS$38.95
22/01/2027Gross couponUS$306.25
22/01/2027Tax on the coupon-US$79.63
22/07/2027Gross couponUS$306.25
22/07/2027Tax on the coupon-US$79.63
22/01/2028Gross couponUS$306.25
22/01/2028Tax on the coupon-US$79.63
22/07/2028Gross couponUS$306.25
22/07/2028Tax on the coupon-US$79.63
22/01/2029Gross couponUS$306.25
22/01/2029Tax on the coupon-US$79.63
22/07/2029Gross couponUS$306.25
22/07/2029Tax on the coupon-US$79.63
22/01/2030Gross couponUS$306.25
22/01/2030Tax on the coupon-US$79.63
22/07/2030Gross couponUS$306.25
22/07/2030Tax on the coupon-US$79.63
22/01/2031Gross couponUS$306.25
22/01/2031Tax on the coupon-US$79.63
22/07/2031Gross couponUS$306.25
22/07/2031Tax on the coupon-US$79.63
22/01/2032Gross couponUS$306.25
22/01/2032Tax on the coupon-US$79.63
22/07/2032Gross couponUS$306.25
22/07/2032Tax on the coupon-US$79.63
22/01/2033Gross couponUS$306.25
22/01/2033Tax on the coupon-US$79.63
22/07/2033Gross couponUS$306.25
22/07/2033Tax on the coupon-US$79.63
22/01/2034Gross couponUS$306.25
22/01/2034Tax on the coupon-US$79.63
22/07/2034Gross couponUS$306.25
22/07/2034Tax on the coupon-US$79.63
22/01/2035Gross couponUS$306.25
22/01/2035Tax on the coupon-US$79.63
22/07/2035Gross couponUS$306.25
22/07/2035Tax on the coupon-US$79.63
22/01/2036Gross couponUS$306.25
22/01/2036Tax on the coupon-US$79.63
22/07/2036Gross couponUS$306.25
22/07/2036Tax on the coupon-US$79.63
22/01/2037Gross couponUS$306.25
22/01/2037Tax on the coupon-US$79.63
22/07/2037Gross couponUS$306.25
22/07/2037Tax on the coupon-US$79.63
22/01/2038Gross couponUS$306.25
22/01/2038Tax on the coupon-US$79.63
22/07/2038Gross couponUS$306.25
22/07/2038Tax on the coupon-US$79.63
22/01/2039Gross couponUS$306.25
22/01/2039Tax on the coupon-US$79.63
22/07/2039Gross couponUS$306.25
22/07/2039Tax on the coupon-US$79.63
22/01/2040Gross couponUS$306.25
22/01/2040Tax on the coupon-US$79.63
22/07/2040Gross couponUS$306.25
22/07/2040Tax on the coupon-US$79.63
22/01/2041Gross couponUS$306.25
22/01/2041Tax on the coupon-US$79.63
22/07/2041Gross couponUS$306.25
22/07/2041Tax on the coupon-US$79.63
22/01/2042Gross couponUS$306.25
22/01/2042Tax on the coupon-US$79.63
22/07/2042Gross couponUS$306.25
22/07/2042Tax on the coupon-US$79.63
22/01/2043Gross couponUS$306.25
22/01/2043Tax on the coupon-US$79.63
22/07/2043Gross couponUS$306.25
22/07/2043Tax on the coupon-US$79.63
22/01/2044Gross couponUS$306.25
22/01/2044Tax on the coupon-US$79.63
22/01/2044Redemption of the nominalUS$10,000.00
22/01/2044Capital gain tax-US$317.20
Net gain at maturityUS$8,723.65

It is the sum of all the movements: US$20,757.70 received (coupons, redemption, tax credit on accrued interest) minus US$12,034.05 paid (price, accrued interest, commissions and taxes) = US$8,723.65. 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, 26% 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.