BULGARIA TF 4,5% GE33 EUR
XS2579483319
Министерство на финанситеForeign governmentMOT
- Last price
- 101.54
- as of 13/10/2026
- Gross yield
- 4.21%
- Net yield
- 3.66%
- Maturity
- 27/01/2033
- 6y 3m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,392.97
- Net gain at maturity
- €2,087.62
- Net yield
- 3.65%
- Gross yield
- 4.21%
Order details
- Settlement date
- 16/10/2026
- Purchase price (clean)
- 101.54
- Nominal value
- 9,000
- Clean value
- €9,138.60
- Gross accrued interest
- €290.71
- Tax credit on accrued interest
- -€36.34
- Commissions
- €0.00
- Settlement amount
- €9,392.97
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.21% | 3.65% | 3.65% |
| Modified duration | 5.23 | 5.28 | 5.28 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €2,835.00
- Tax on coupons
- -€354.41
- Redemption of the nominal
- €9,000.00
- Capital loss
- -€138.60
- Capital gain tax
- -€0.00
- Net gain at maturity
- €2,087.62
No tax: in Italy the capital loss can offset capital gains of the next four years.
Cash flows
| Date | Description | Amount |
|---|---|---|
| 16/10/2026 | Payment of the price | -€9,138.60 |
| 16/10/2026 | Gross accrued interest | -€290.71 |
| 16/10/2026 | Tax credit on accrued interest | €36.34 |
| 27/01/2027 | Gross coupon | €405.00 |
| 27/01/2027 | Tax on the coupon | -€50.63 |
| 27/01/2028 | Gross coupon | €405.00 |
| 27/01/2028 | Tax on the coupon | -€50.63 |
| 27/01/2029 | Gross coupon | €405.00 |
| 27/01/2029 | Tax on the coupon | -€50.63 |
| 27/01/2030 | Gross coupon | €405.00 |
| 27/01/2030 | Tax on the coupon | -€50.63 |
| 27/01/2031 | Gross coupon | €405.00 |
| 27/01/2031 | Tax on the coupon | -€50.63 |
| 27/01/2032 | Gross coupon | €405.00 |
| 27/01/2032 | Tax on the coupon | -€50.63 |
| 27/01/2033 | Gross coupon | €405.00 |
| 27/01/2033 | Tax on the coupon | -€50.63 |
| 27/01/2033 | Redemption of the nominal | €9,000.00 |
| Net gain at maturity | €2,087.62 | |
It is the sum of all the movements: €11,871.34 received (coupons, redemption, tax credit on accrued interest) minus €9,783.72 paid (price, accrued interest, commissions and taxes) = €2,087.62. 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.