ROMANIA TF 4% FB51 USD
XS2201851685
MINISTERUL FINANȚELORForeign governmentHi-MTF · MOT
- Last price
- 61.64
- as of 14/10/2026
- Gross yield
- 7.57%
- Net yield
- 6.72%
- Maturity
- 14/02/2051
- 24y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
Simulate a purchase
Change the values: every figure updates at once. The page link keeps the simulation.
Amounts are in USD, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- US$9,962.83
- Net gain at maturity
- US$18,989.97
- Net yield
- 6.71%
- Gross yield
- 7.56%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 61.64
- Nominal value
- 16,000
- Clean value
- US$9,862.40
- Gross accrued interest
- US$114.78
- Tax credit on accrued interest
- -US$14.35
- Commissions
- US$0.00
- Settlement amount
- US$9,962.83
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 7.56% | 6.71% | 6.83% |
| Modified duration | 12.15 | 12.83 | 12.74 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- US$15,680.00
- Tax on coupons
- -US$1,960.00
- Redemption of the nominal
- US$16,000.00
- Capital gain
- US$6,137.60
- Capital gain tax
- -US$767.20
- Net gain at maturity
- US$18,989.97
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -US$9,862.40 |
| 19/10/2026 | Gross accrued interest | -US$114.78 |
| 19/10/2026 | Tax credit on accrued interest | US$14.35 |
| 14/02/2027 | Gross coupon | US$320.00 |
| 14/02/2027 | Tax on the coupon | -US$40.00 |
| 14/08/2027 | Gross coupon | US$320.00 |
| 14/08/2027 | Tax on the coupon | -US$40.00 |
| 14/02/2028 | Gross coupon | US$320.00 |
| 14/02/2028 | Tax on the coupon | -US$40.00 |
| 14/08/2028 | Gross coupon | US$320.00 |
| 14/08/2028 | Tax on the coupon | -US$40.00 |
| 14/02/2029 | Gross coupon | US$320.00 |
| 14/02/2029 | Tax on the coupon | -US$40.00 |
| 14/08/2029 | Gross coupon | US$320.00 |
| 14/08/2029 | Tax on the coupon | -US$40.00 |
| 14/02/2030 | Gross coupon | US$320.00 |
| 14/02/2030 | Tax on the coupon | -US$40.00 |
| 14/08/2030 | Gross coupon | US$320.00 |
| 14/08/2030 | Tax on the coupon | -US$40.00 |
| 14/02/2031 | Gross coupon | US$320.00 |
| 14/02/2031 | Tax on the coupon | -US$40.00 |
| 14/08/2031 | Gross coupon | US$320.00 |
| 14/08/2031 | Tax on the coupon | -US$40.00 |
| 14/02/2032 | Gross coupon | US$320.00 |
| 14/02/2032 | Tax on the coupon | -US$40.00 |
| 14/08/2032 | Gross coupon | US$320.00 |
| 14/08/2032 | Tax on the coupon | -US$40.00 |
| 14/02/2033 | Gross coupon | US$320.00 |
| 14/02/2033 | Tax on the coupon | -US$40.00 |
| 14/08/2033 | Gross coupon | US$320.00 |
| 14/08/2033 | Tax on the coupon | -US$40.00 |
| 14/02/2034 | Gross coupon | US$320.00 |
| 14/02/2034 | Tax on the coupon | -US$40.00 |
| 14/08/2034 | Gross coupon | US$320.00 |
| 14/08/2034 | Tax on the coupon | -US$40.00 |
| 14/02/2035 | Gross coupon | US$320.00 |
| 14/02/2035 | Tax on the coupon | -US$40.00 |
| 14/08/2035 | Gross coupon | US$320.00 |
| 14/08/2035 | Tax on the coupon | -US$40.00 |
| 14/02/2036 | Gross coupon | US$320.00 |
| 14/02/2036 | Tax on the coupon | -US$40.00 |
| 14/08/2036 | Gross coupon | US$320.00 |
| 14/08/2036 | Tax on the coupon | -US$40.00 |
| 14/02/2037 | Gross coupon | US$320.00 |
| 14/02/2037 | Tax on the coupon | -US$40.00 |
| 14/08/2037 | Gross coupon | US$320.00 |
| 14/08/2037 | Tax on the coupon | -US$40.00 |
| 14/02/2038 | Gross coupon | US$320.00 |
| 14/02/2038 | Tax on the coupon | -US$40.00 |
| 14/08/2038 | Gross coupon | US$320.00 |
| 14/08/2038 | Tax on the coupon | -US$40.00 |
| 14/02/2039 | Gross coupon | US$320.00 |
| 14/02/2039 | Tax on the coupon | -US$40.00 |
| 14/08/2039 | Gross coupon | US$320.00 |
| 14/08/2039 | Tax on the coupon | -US$40.00 |
| 14/02/2040 | Gross coupon | US$320.00 |
| 14/02/2040 | Tax on the coupon | -US$40.00 |
| 14/08/2040 | Gross coupon | US$320.00 |
| 14/08/2040 | Tax on the coupon | -US$40.00 |
| 14/02/2041 | Gross coupon | US$320.00 |
| 14/02/2041 | Tax on the coupon | -US$40.00 |
| 14/08/2041 | Gross coupon | US$320.00 |
| 14/08/2041 | Tax on the coupon | -US$40.00 |
| 14/02/2042 | Gross coupon | US$320.00 |
| 14/02/2042 | Tax on the coupon | -US$40.00 |
| 14/08/2042 | Gross coupon | US$320.00 |
| 14/08/2042 | Tax on the coupon | -US$40.00 |
| 14/02/2043 | Gross coupon | US$320.00 |
| 14/02/2043 | Tax on the coupon | -US$40.00 |
| 14/08/2043 | Gross coupon | US$320.00 |
| 14/08/2043 | Tax on the coupon | -US$40.00 |
| 14/02/2044 | Gross coupon | US$320.00 |
| 14/02/2044 | Tax on the coupon | -US$40.00 |
| 14/08/2044 | Gross coupon | US$320.00 |
| 14/08/2044 | Tax on the coupon | -US$40.00 |
| 14/02/2045 | Gross coupon | US$320.00 |
| 14/02/2045 | Tax on the coupon | -US$40.00 |
| 14/08/2045 | Gross coupon | US$320.00 |
| 14/08/2045 | Tax on the coupon | -US$40.00 |
| 14/02/2046 | Gross coupon | US$320.00 |
| 14/02/2046 | Tax on the coupon | -US$40.00 |
| 14/08/2046 | Gross coupon | US$320.00 |
| 14/08/2046 | Tax on the coupon | -US$40.00 |
| 14/02/2047 | Gross coupon | US$320.00 |
| 14/02/2047 | Tax on the coupon | -US$40.00 |
| 14/08/2047 | Gross coupon | US$320.00 |
| 14/08/2047 | Tax on the coupon | -US$40.00 |
| 14/02/2048 | Gross coupon | US$320.00 |
| 14/02/2048 | Tax on the coupon | -US$40.00 |
| 14/08/2048 | Gross coupon | US$320.00 |
| 14/08/2048 | Tax on the coupon | -US$40.00 |
| 14/02/2049 | Gross coupon | US$320.00 |
| 14/02/2049 | Tax on the coupon | -US$40.00 |
| 14/08/2049 | Gross coupon | US$320.00 |
| 14/08/2049 | Tax on the coupon | -US$40.00 |
| 14/02/2050 | Gross coupon | US$320.00 |
| 14/02/2050 | Tax on the coupon | -US$40.00 |
| 14/08/2050 | Gross coupon | US$320.00 |
| 14/08/2050 | Tax on the coupon | -US$40.00 |
| 14/02/2051 | Gross coupon | US$320.00 |
| 14/02/2051 | Tax on the coupon | -US$40.00 |
| 14/02/2051 | Redemption of the nominal | US$16,000.00 |
| 14/02/2051 | Capital gain tax | -US$767.20 |
| Net gain at maturity | US$18,989.97 | |
It is the sum of all the movements: US$31,694.35 received (coupons, redemption, tax credit on accrued interest) minus US$12,704.38 paid (price, accrued interest, commissions and taxes) = US$18,989.97. 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.