BULGARIA TF 1,375% ST50 EUR
XS2234571771
Министерство на финанситеForeign governmentMOT
- Last price
- 51.25
- as of 13/10/2026
- Gross yield
- 4.87%
- Net yield
- 4.38%
- Maturity
- 23/09/2050
- 23y 11m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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.
- Settlement amount
- €9,754.41
- Net gain at maturity
- €13,573.94
- Net yield
- 4.38%
- Gross yield
- 4.87%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 51.25
- Nominal value
- 19,000
- Clean value
- €9,737.50
- Gross accrued interest
- €19.33
- Tax credit on accrued interest
- -€2.42
- Commissions
- €0.00
- Settlement amount
- €9,754.41
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.87% | 4.38% | 4.61% |
| Modified duration | 17.91 | 18.26 | 18.10 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €6,270.00
- Tax on coupons
- -€783.84
- Redemption of the nominal
- €19,000.00
- Capital gain
- €9,262.50
- Capital gain tax
- -€1,157.81
- Net gain at maturity
- €13,573.94
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,737.50 |
| 20/10/2026 | Gross accrued interest | -€19.33 |
| 20/10/2026 | Tax credit on accrued interest | €2.42 |
| 23/09/2027 | Gross coupon | €261.25 |
| 23/09/2027 | Tax on the coupon | -€32.66 |
| 23/09/2028 | Gross coupon | €261.25 |
| 23/09/2028 | Tax on the coupon | -€32.66 |
| 23/09/2029 | Gross coupon | €261.25 |
| 23/09/2029 | Tax on the coupon | -€32.66 |
| 23/09/2030 | Gross coupon | €261.25 |
| 23/09/2030 | Tax on the coupon | -€32.66 |
| 23/09/2031 | Gross coupon | €261.25 |
| 23/09/2031 | Tax on the coupon | -€32.66 |
| 23/09/2032 | Gross coupon | €261.25 |
| 23/09/2032 | Tax on the coupon | -€32.66 |
| 23/09/2033 | Gross coupon | €261.25 |
| 23/09/2033 | Tax on the coupon | -€32.66 |
| 23/09/2034 | Gross coupon | €261.25 |
| 23/09/2034 | Tax on the coupon | -€32.66 |
| 23/09/2035 | Gross coupon | €261.25 |
| 23/09/2035 | Tax on the coupon | -€32.66 |
| 23/09/2036 | Gross coupon | €261.25 |
| 23/09/2036 | Tax on the coupon | -€32.66 |
| 23/09/2037 | Gross coupon | €261.25 |
| 23/09/2037 | Tax on the coupon | -€32.66 |
| 23/09/2038 | Gross coupon | €261.25 |
| 23/09/2038 | Tax on the coupon | -€32.66 |
| 23/09/2039 | Gross coupon | €261.25 |
| 23/09/2039 | Tax on the coupon | -€32.66 |
| 23/09/2040 | Gross coupon | €261.25 |
| 23/09/2040 | Tax on the coupon | -€32.66 |
| 23/09/2041 | Gross coupon | €261.25 |
| 23/09/2041 | Tax on the coupon | -€32.66 |
| 23/09/2042 | Gross coupon | €261.25 |
| 23/09/2042 | Tax on the coupon | -€32.66 |
| 23/09/2043 | Gross coupon | €261.25 |
| 23/09/2043 | Tax on the coupon | -€32.66 |
| 23/09/2044 | Gross coupon | €261.25 |
| 23/09/2044 | Tax on the coupon | -€32.66 |
| 23/09/2045 | Gross coupon | €261.25 |
| 23/09/2045 | Tax on the coupon | -€32.66 |
| 23/09/2046 | Gross coupon | €261.25 |
| 23/09/2046 | Tax on the coupon | -€32.66 |
| 23/09/2047 | Gross coupon | €261.25 |
| 23/09/2047 | Tax on the coupon | -€32.66 |
| 23/09/2048 | Gross coupon | €261.25 |
| 23/09/2048 | Tax on the coupon | -€32.66 |
| 23/09/2049 | Gross coupon | €261.25 |
| 23/09/2049 | Tax on the coupon | -€32.66 |
| 23/09/2050 | Gross coupon | €261.25 |
| 23/09/2050 | Tax on the coupon | -€32.66 |
| 23/09/2050 | Redemption of the nominal | €19,000.00 |
| 23/09/2050 | Capital gain tax | -€1,157.81 |
| Net gain at maturity | €13,573.94 | |
It is the sum of all the movements: €25,272.42 received (coupons, redemption, tax credit on accrued interest) minus €11,698.48 paid (price, accrued interest, commissions and taxes) = €13,573.94. 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.