ROMANIA TF 2,625% DC40 EUR
XS2258400162
MINISTERUL FINANȚELORForeign governmentHi-MTF · MOT
- Last price
- 64.17
- as of 14/10/2026
- Gross yield
- 6.60%
- Net yield
- 5.89%
- Maturity
- 02/12/2040
- 14y 1m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,929.44
- Net gain at maturity
- €9,566.70
- Net yield
- 5.89%
- Gross yield
- 6.60%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 64.17
- Nominal value
- 15,000
- Clean value
- €9,625.50
- Gross accrued interest
- €347.36
- Tax credit on accrued interest
- -€43.42
- Commissions
- €0.00
- Settlement amount
- €9,929.44
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 6.60% | 5.89% | 6.17% |
| Modified duration | 10.26 | 10.47 | 10.39 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €5,906.25
- Tax on coupons
- -€738.30
- Redemption of the nominal
- €15,000.00
- Capital gain
- €5,374.50
- Capital gain tax
- -€671.81
- Net gain at maturity
- €9,566.70
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,625.50 |
| 20/10/2026 | Gross accrued interest | -€347.36 |
| 20/10/2026 | Tax credit on accrued interest | €43.42 |
| 02/12/2026 | Gross coupon | €393.75 |
| 02/12/2026 | Tax on the coupon | -€49.22 |
| 02/12/2027 | Gross coupon | €393.75 |
| 02/12/2027 | Tax on the coupon | -€49.22 |
| 02/12/2028 | Gross coupon | €393.75 |
| 02/12/2028 | Tax on the coupon | -€49.22 |
| 02/12/2029 | Gross coupon | €393.75 |
| 02/12/2029 | Tax on the coupon | -€49.22 |
| 02/12/2030 | Gross coupon | €393.75 |
| 02/12/2030 | Tax on the coupon | -€49.22 |
| 02/12/2031 | Gross coupon | €393.75 |
| 02/12/2031 | Tax on the coupon | -€49.22 |
| 02/12/2032 | Gross coupon | €393.75 |
| 02/12/2032 | Tax on the coupon | -€49.22 |
| 02/12/2033 | Gross coupon | €393.75 |
| 02/12/2033 | Tax on the coupon | -€49.22 |
| 02/12/2034 | Gross coupon | €393.75 |
| 02/12/2034 | Tax on the coupon | -€49.22 |
| 02/12/2035 | Gross coupon | €393.75 |
| 02/12/2035 | Tax on the coupon | -€49.22 |
| 02/12/2036 | Gross coupon | €393.75 |
| 02/12/2036 | Tax on the coupon | -€49.22 |
| 02/12/2037 | Gross coupon | €393.75 |
| 02/12/2037 | Tax on the coupon | -€49.22 |
| 02/12/2038 | Gross coupon | €393.75 |
| 02/12/2038 | Tax on the coupon | -€49.22 |
| 02/12/2039 | Gross coupon | €393.75 |
| 02/12/2039 | Tax on the coupon | -€49.22 |
| 02/12/2040 | Gross coupon | €393.75 |
| 02/12/2040 | Tax on the coupon | -€49.22 |
| 02/12/2040 | Redemption of the nominal | €15,000.00 |
| 02/12/2040 | Capital gain tax | -€671.81 |
| Net gain at maturity | €9,566.70 | |
It is the sum of all the movements: €20,949.67 received (coupons, redemption, tax credit on accrued interest) minus €11,382.97 paid (price, accrued interest, commissions and taxes) = €9,566.70. 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.