ROMANIA TF 3,75% FB34 EUR
XS2434895806
MINISTERUL FINANȚELORForeign governmentHi-MTF · MOT
- Last price
- 87.45
- as of 16/10/2026
- Gross yield
- 5.91%
- Net yield
- 5.21%
- Maturity
- 07/02/2034
- 7y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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- Settlement amount
- €9,871.66
- Net gain at maturity
- €3,843.30
- Net yield
- 5.20%
- Gross yield
- 5.91%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 87.45
- Nominal value
- 11,000
- Clean value
- €9,619.50
- Gross accrued interest
- €288.18
- Tax credit on accrued interest
- -€36.02
- Commissions
- €0.00
- Settlement amount
- €9,871.66
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 5.91% | 5.20% | 5.40% |
| Modified duration | 5.93 | 6.00 | 5.98 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €3,300.00
- Tax on coupons
- -€412.48
- Redemption of the nominal
- €11,000.00
- Capital gain
- €1,380.50
- Capital gain tax
- -€172.56
- Net gain at maturity
- €3,843.30
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,619.50 |
| 20/10/2026 | Gross accrued interest | -€288.18 |
| 20/10/2026 | Tax credit on accrued interest | €36.02 |
| 07/02/2027 | Gross coupon | €412.50 |
| 07/02/2027 | Tax on the coupon | -€51.56 |
| 07/02/2028 | Gross coupon | €412.50 |
| 07/02/2028 | Tax on the coupon | -€51.56 |
| 07/02/2029 | Gross coupon | €412.50 |
| 07/02/2029 | Tax on the coupon | -€51.56 |
| 07/02/2030 | Gross coupon | €412.50 |
| 07/02/2030 | Tax on the coupon | -€51.56 |
| 07/02/2031 | Gross coupon | €412.50 |
| 07/02/2031 | Tax on the coupon | -€51.56 |
| 07/02/2032 | Gross coupon | €412.50 |
| 07/02/2032 | Tax on the coupon | -€51.56 |
| 07/02/2033 | Gross coupon | €412.50 |
| 07/02/2033 | Tax on the coupon | -€51.56 |
| 07/02/2034 | Gross coupon | €412.50 |
| 07/02/2034 | Tax on the coupon | -€51.56 |
| 07/02/2034 | Redemption of the nominal | €11,000.00 |
| 07/02/2034 | Capital gain tax | -€172.56 |
| Net gain at maturity | €3,843.30 | |
It is the sum of all the movements: €14,336.02 received (coupons, redemption, tax credit on accrued interest) minus €10,492.72 paid (price, accrued interest, commissions and taxes) = €3,843.30. 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.