ROMANIA FX 5.5% SEP28 EUR
XS2689949399
MINISTERUL FINANȚELORForeign governmentHi-MTF · MOT
- Last price
- 102.83
- as of 15/10/2026
- Gross yield
- 3.93%
- Net yield
- 3.26%
- Maturity
- 18/09/2028
- 1y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,292.67
- Net gain at maturity
- €573.57
- Net yield
- 3.25%
- Gross yield
- 3.92%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 102.83
- Nominal value
- 9,000
- Clean value
- €9,254.70
- Gross accrued interest
- €43.40
- Tax credit on accrued interest
- -€5.43
- Commissions
- €0.00
- Settlement amount
- €9,292.67
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.92% | 3.25% | 3.25% |
| Modified duration | 1.79 | 1.81 | 1.81 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €990.00
- Tax on coupons
- -€123.76
- Redemption of the nominal
- €9,000.00
- Capital loss
- -€254.70
- Capital gain tax
- -€0.00
- Net gain at maturity
- €573.57
No tax: in Italy the capital loss can offset capital gains of the next four years.
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,254.70 |
| 20/10/2026 | Gross accrued interest | -€43.40 |
| 20/10/2026 | Tax credit on accrued interest | €5.43 |
| 18/09/2027 | Gross coupon | €495.00 |
| 18/09/2027 | Tax on the coupon | -€61.88 |
| 18/09/2028 | Gross coupon | €495.00 |
| 18/09/2028 | Tax on the coupon | -€61.88 |
| 18/09/2028 | Redemption of the nominal | €9,000.00 |
| Net gain at maturity | €573.57 | |
It is the sum of all the movements: €9,995.43 received (coupons, redemption, tax credit on accrued interest) minus €9,421.86 paid (price, accrued interest, commissions and taxes) = €573.57. 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.