ROMANIA TF 3,875% OT35 EUR
XS1313004928
MINISTERUL FINANȚELORForeign governmentHi-MTF · MOT
- Last price
- 85.52
- as of 16/10/2026
- Gross yield
- 6.00%
- Net yield
- 5.29%
- Maturity
- 29/10/2035
- 9y
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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Change the values: every figure updates at once. The page link keeps the simulation.
- Settlement amount
- €9,770.97
- Net gain at maturity
- €4,759.63
- Net yield
- 5.28%
- Gross yield
- 6.00%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 85.52
- Nominal value
- 11,000
- Clean value
- €9,407.20
- Gross accrued interest
- €415.74
- Tax credit on accrued interest
- -€51.97
- Commissions
- €0.00
- Settlement amount
- €9,770.97
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 6.00% | 5.28% | 5.46% |
| Modified duration | 6.93 | 7.03 | 7.01 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €4,262.50
- Tax on coupons
- -€532.80
- Redemption of the nominal
- €11,000.00
- Capital gain
- €1,592.80
- Capital gain tax
- -€199.10
- Net gain at maturity
- €4,759.63
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,407.20 |
| 20/10/2026 | Gross accrued interest | -€415.74 |
| 20/10/2026 | Tax credit on accrued interest | €51.97 |
| 29/10/2026 | Gross coupon | €426.25 |
| 29/10/2026 | Tax on the coupon | -€53.28 |
| 29/10/2027 | Gross coupon | €426.25 |
| 29/10/2027 | Tax on the coupon | -€53.28 |
| 29/10/2028 | Gross coupon | €426.25 |
| 29/10/2028 | Tax on the coupon | -€53.28 |
| 29/10/2029 | Gross coupon | €426.25 |
| 29/10/2029 | Tax on the coupon | -€53.28 |
| 29/10/2030 | Gross coupon | €426.25 |
| 29/10/2030 | Tax on the coupon | -€53.28 |
| 29/10/2031 | Gross coupon | €426.25 |
| 29/10/2031 | Tax on the coupon | -€53.28 |
| 29/10/2032 | Gross coupon | €426.25 |
| 29/10/2032 | Tax on the coupon | -€53.28 |
| 29/10/2033 | Gross coupon | €426.25 |
| 29/10/2033 | Tax on the coupon | -€53.28 |
| 29/10/2034 | Gross coupon | €426.25 |
| 29/10/2034 | Tax on the coupon | -€53.28 |
| 29/10/2035 | Gross coupon | €426.25 |
| 29/10/2035 | Tax on the coupon | -€53.28 |
| 29/10/2035 | Redemption of the nominal | €11,000.00 |
| 29/10/2035 | Capital gain tax | -€199.10 |
| Net gain at maturity | €4,759.63 | |
It is the sum of all the movements: €15,314.47 received (coupons, redemption, tax credit on accrued interest) minus €10,554.84 paid (price, accrued interest, commissions and taxes) = €4,759.63. 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.