ROMANIA TF 3,375% FB38 EUR
XS1768074319
MINISTERUL FINANȚELORForeign governmentHi-MTF · MOT
- Last price
- 76.15
- as of 14/10/2026
- Gross yield
- 6.40%
- Net yield
- 5.67%
- Maturity
- 08/02/2038
- 11y 4m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,384.61
- Net gain at maturity
- €6,510.08
- Net yield
- 5.67%
- Gross yield
- 6.40%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 76.15
- Nominal value
- 12,000
- Clean value
- €9,138.00
- Gross accrued interest
- €281.84
- Tax credit on accrued interest
- -€35.23
- Commissions
- €0.00
- Settlement amount
- €9,384.61
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 6.40% | 5.67% | 5.90% |
| Modified duration | 8.47 | 8.62 | 8.57 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €4,860.00
- Tax on coupons
- -€607.56
- Redemption of the nominal
- €12,000.00
- Capital gain
- €2,862.00
- Capital gain tax
- -€357.75
- Net gain at maturity
- €6,510.08
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,138.00 |
| 20/10/2026 | Gross accrued interest | -€281.84 |
| 20/10/2026 | Tax credit on accrued interest | €35.23 |
| 08/02/2027 | Gross coupon | €405.00 |
| 08/02/2027 | Tax on the coupon | -€50.63 |
| 08/02/2028 | Gross coupon | €405.00 |
| 08/02/2028 | Tax on the coupon | -€50.63 |
| 08/02/2029 | Gross coupon | €405.00 |
| 08/02/2029 | Tax on the coupon | -€50.63 |
| 08/02/2030 | Gross coupon | €405.00 |
| 08/02/2030 | Tax on the coupon | -€50.63 |
| 08/02/2031 | Gross coupon | €405.00 |
| 08/02/2031 | Tax on the coupon | -€50.63 |
| 08/02/2032 | Gross coupon | €405.00 |
| 08/02/2032 | Tax on the coupon | -€50.63 |
| 08/02/2033 | Gross coupon | €405.00 |
| 08/02/2033 | Tax on the coupon | -€50.63 |
| 08/02/2034 | Gross coupon | €405.00 |
| 08/02/2034 | Tax on the coupon | -€50.63 |
| 08/02/2035 | Gross coupon | €405.00 |
| 08/02/2035 | Tax on the coupon | -€50.63 |
| 08/02/2036 | Gross coupon | €405.00 |
| 08/02/2036 | Tax on the coupon | -€50.63 |
| 08/02/2037 | Gross coupon | €405.00 |
| 08/02/2037 | Tax on the coupon | -€50.63 |
| 08/02/2038 | Gross coupon | €405.00 |
| 08/02/2038 | Tax on the coupon | -€50.63 |
| 08/02/2038 | Redemption of the nominal | €12,000.00 |
| 08/02/2038 | Capital gain tax | -€357.75 |
| Net gain at maturity | €6,510.08 | |
It is the sum of all the movements: €16,895.23 received (coupons, redemption, tax credit on accrued interest) minus €10,385.15 paid (price, accrued interest, commissions and taxes) = €6,510.08. 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.